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Scrap utilization in crude steel output among China’s 211 mills under Mysteel’s survey inched up 0.98 percentage point on month to 25.38% on average, with the samples including both integrated and electric-arc-furnace (EAF) plants and those with both blast furnace (BF) and EAF facilities.
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China exported 25.7 million tonnes of finished steel over January-April, up 24.5% on year, and imports totalled 4.9 million tonnes over the same period, up 16.9% on year, the latest statistics from China’s General Administration of Customs (GACC) published on May 7 showed, with the growth rates largely the same as during first quarter.
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China imported 90.1 million tonnes of coal and lignite for all uses over January-April, lower by a large 28.8% on year, according to new data from the country’s General Administration of Customs (GACC). For April only, China’s coal and lignite imports fell 20.5% on month or 29.8% on year to 21.7 million tonnes, with the on-month decline mainly attributed to lower tonnage from Mongolia and Indonesia, according to sources.
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China’s iron ore imports continued to grow over January-April to reach around 382 million tonnes, higher by 24 million tonnes or 6.7% on year, though the pace was slightly slower than the 8% on-year rise recorded for the first three months, the latest statistics released by the country's General Administration of Customs published on May 7 show.
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China's iron ore imports totalled 382 million tonnes over January-April, up 6.7% on year, and the unit price gained by 58.8% on year to Yuan 1,009.7/tonne ($156.3/t), according to the latest release by the country's General Administration of Customs on May 7. A detailed report will be posted soon.
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Over January-April, China’s coal and lignite imports declined 28.8% on year to 90.1 million tonnes, and that for April only was 21.7 million tonnes, according to the latest statistics from the country's General Administration of Customs. A detailed report will be posted soon.
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China's finished steel exports approximated 25.7 million tonnes over January-April, or up 24.5% on year, and the imports moved up 16.9% on year to 4.89 million tonnes over the same period, according to the release by the country's General Administration of Customs on May 7. A detailed report will be
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The Purchasing Managers’ Index for the steel industry in North China’s Hebei province, the country’s top steel production base, climbed again in April to reach 53.6, growing by another 1.2 basis points on month thanks to firm end-user demand, according to the latest release by the Hebei Metallurgical Industry Association on May 1.
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Global automobile production by Japan’s eight major automakers during the fiscal 2020 (April 2020-March 2021) fell to a nine-year low, or recording a 12.2% on-year decline to about 23.12 million units, according to the latest data released by the automakers, though the on-year decline was not as steep as the market had expected.
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CITIC Pacific Mining (CPM), the wholly owned subsidiary of Hong Kong-listed CITIC Limited, has resumed production at its Sino Iron magnetite operation at Cape Preston in Western Australia’s Pilbara region after a fire in the ore processing area on May 3, according to an update released on the company’s official website on May 4.
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China’s heavy trucks sales may have slowed in April, with the sales volume expected to grow 4% on year but down 14% on month, as demand may take a pause after a robust March even though the National Stage VI specifications will be adopted starting H2, according to the projection by the Beijing-headquartered Commercial Vehicle World (CVWorld) on May 5.
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Japan’s Purchasing Managers’ Index (PMI) for its manufacturing industry for April rose by another 0.9 basis points on month to 53.6, indicating that Japanese manufacturers expect a stronger degree of positive sentiment regarding the year-ahead outlook for output, according to data from index compiler au Jibun Bank Corporation, released on April 30.
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China’s Purchasing Managers’ Index (PMI) for the manufacturing industry inched down by 0.8 basis point on month to 51.1 for April, though having persisted in the expansion zone since March 2020, and all the key sub-indices including production and new orders were also above 50, according to the latest release by China’s National Bureau of Statistics (NBS) on April 30.
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Starting July 1, China will ban both production and sales of new diesel-fuelled heavy-duty trucks with emission not up to the National Stage VI specifications, according to a recent release by the country’s Ministry of Industry and Information Technology (MIIT), and MIIT, to minimize any confusion, even listed out the auto makers, auto models, and auto parts that are to be eliminated in the April 21 notice.
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China’s production of the four major home appliances increased significantly in the first quarter of this year, given the low bases in the same period last year, as well as their sustained strong export business. But dampening the manufacturers’ mood was the rise in raw materials and other input costs, Mysteel Global noted.
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China’s installed power capacity fuelled by non-fossil resources is anticipated to reach 1.12 billion kW, thus surpassing the capacity by coal by the end of 2021, which is part of the parcel in Beijing’s efforts to reduce carbon emission, according to a recent report by China Electricity Council (CEC).
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Over January-March, China’s coke exports and imports were both up, with the former totalling 1.3 million tonnes, or up 90.5% on year, and the latter swelling 204% on year to around 650,000 tonnes, according to the latest data from the country’s General Administration of Customs (GACC), which reflected better demand at home and abroad with Japan in particular, market sources shared.
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SteelMint’s weekly low-grade Indian iron ore fines (Fe 57%) export index increased by $3 to $91/t FOB east coast India. Demand for low grade ore continues to remain weak in China with discounts for low-grade ore widening to 34-35%. Three deals have also been recorded by SteelMint this week from India.
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As part of its policy to reduce the country’s reliance on coal for energy, China’s National Energy Administration (NEA) says that during 2021, coal’s percentage of all energy China consumes will further decline to below 56% from 56.8% in 2020, according to the target for this year released by the NEA on April 22.
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The 64 countries worldwide under the monthly tracking by World Steel Association (WSA) posted a 10% on-year rise in their total steel output to 486.9 million tonnes over January-March, mainly due to the strong recovery in demand globally and low base a year ago, Mysteel Global noted from latest release by the association on April 22.
