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China produced 118.5 million tonnes of run-of-mine (ROM) iron ore over January-February, marking a 3.9% on-year gain, according to the latest statistics from China's National Bureau of Statistics (NBS).
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China’s two top-level political annual sessions every March are always of great significance in understanding the country’s economic planning for the very year and China’s Premier Li Keqiang sent out a firm and strong signal last Friday, immediately after both the events were concluded, that the country is capable of maintaining its economic growth within a reasonable range and achieving stability in 2019.
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Chinese steel market participants were quite contented with what their performance for the first two months of 2019 and their concern on the market outlook for this year, thus, has eased from the fourth quarter of 2018.
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China's premier Li Keqiang disclosed at the ongoing press conference in Beijing on the morning of March 15that the value-added tax on the domestic manufacturers will be cut to 13% from the present 16% with effect on April 1. A detailed report on the press conference will be posted once
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China’s fixed asset investment in China’s property market grew 11.6% on year to Yuan 1.2 trillion ($179 billion) over January-February, with the increase being 2.1 percentage point higher than that for the whole 2018, and the funding accounted for 27% of the country’s total fixed asset investment, according to the latest release by the country’s National Bureau of Statistics on March 14.
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China's output of pig iron over January-February increased by a sharp 9.8% year on year to 126.59 million tonnes, according to the latest data from China's National Bureau of Statistics published on March 14.
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China’s fixed asset investment (excluding rural households) increased 6.1% on year to nearly Yuan 4.5 trillion ($670 billion) for January-February, with the growth rate also up 0.2 percentage point from that for the whole 2018, according to the latest data released by the country’s National Bureau of Statistics on March 14.
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China’s raw coal output including thermal and metallurgical coal over January-February slid by 1.5% on year, while coke production grew 7.6% on year, according to the latest data released by the country’s National Bureau of Statistics (NBS) on March 14.
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China's fixed asset investment in general grew 6.1% on year to Yuan 4.5 trillion for January-February. A detailed story will be posted soon.
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China's coke production grew 7.6% on year to 73.9 million tonnes over January-February. A detailed report will be published soon.
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China's crude steel output grew 9.2% on year to 149 million tonnes for January-February. A detailed report will be posted soon.
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China's fixed asset investment in the property market went up 11.6% on year to Yuan 1.2 trillion ($179 billion) over January-February. A detailed report will be posted soon.
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Mongolia’s exports of all types of coal declined by 11.6% on month in February to 1.91 million tonnes, according to the country’s National Statistics Office on March 12. The plunge in demand from neighbouring China was blamed.
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China imported a total of 174.4 million tonnes of iron ore in January-February, recording a year-on-year decline of 10.2 million tonnes or equivalent to 5.5%, according to new statistics released by the country's General Administration of Customs on March 8.
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China’s imports for coal and lignite plunged by 47.3% on month or by 15.6% on year to reach 17.64 million tonnes in February, according to statistics published by the country’s General Administration of Customs on March 8. Market sources attributed the plummet to the restart of coal import restrictions at Chinese ports from end-January.
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China's iron ore imports fell by 5.5% on year to 174 million tonnes for January-February. A detailed story will be posted soon.
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China's steel exports rose 12.9% on year to 10.7 million tonnes for January-February. A detailed report will be posted soon.
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China’s coke industry recorded the best-performing year in 2018 for the past few years, with the core production base - Shanxi in North China – having achieved a 120.2% year-on-year growth in profit, due to the supply-side reform, robust demand and prices, according to a release by the country’s Ministry of Industry and Information Technology (MIIT) on March 4.
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The Purchasing Managers’ Index (PMI) for China’s manufacturing industry declined by 0.3 basis point on month to 49.2 for February, still below the threshold of 50 and indicating that manufacturing activity including that among the country’s steelmakers continued to contract, according to the latest release from China’s National Bureau of Statistics (NBS) on February 28.
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The total crude steel output for the 64 countries in the world reached 146.7 million tonnes for January, or up 1% year on year, according to the latest release by the World Steel Association (WSA).
