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Global ferrous scrap market observed a stable or rising trend in almost all major markets this week. Japanese domestic offers are on a rise after 7 months on increase in Kanto tender’s winning bids, while high offers to South Asian markets kept buying activities slow.
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China’s National Development and Reform Commission (NDRC) has shed more light on a series of subtle and indirect economic stimulus efforts being pondered at its monthly press conference on November 15 in Beijing, and China’s steel market has sourced great support from these, as many of them relate to steel consumption.
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China’s pig iron production in October marked the first on-year decline for 2019, with output slipping by 2.7% to reach 65.58 million tonnes, according to the latest data released by the country’s National Bureau of Statistics (NBS) on November 14. The total tonnage was also down 1.7 million tonnes or 2.6% on month, the data show.
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China’s crude steel production continued to grow over January-October, rising by 7.4% on year to 829.2 million tonnes, but the year-on-year growth was 1 percentage point lower compared with the 8.4% yearly growth recorded for the first nine months, according to the latest statistics released by the country’s National Bureau of Statistics (NBS) on November 14.
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China’s coke output increased 1.2% on year but dipped 1.1% on month to 38.8 million tonnes in October, and the country’s raw coal production for all kinds grew 4.4% on year and up 0.2% on month to 324.9 million tonnes, according to the latest release from the country’s National Bureau of Statistics (NBS) on November 14.
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China’s fixed asset investment (FAI) in general grew 5.2% on year to Yuan 51.1 trillion ($7.3 trillion) over January-October, and the growth in the funding in the property sector was recorded at 10.3%, according to the latest release from the country’s National Bureau of Statistics (NBS) on November 14.
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China’s coke output increased 1.2% on year
at 38.8 million tonnes in October, and production of raw coal including thermal
and metallurgical coal grew 4.4% on year to nearly 325 million tonnes. A detailed
report will be posted soon.
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China's crude steel output grew 7.4% on year to about 829 million tonnes over January-October, with the October volume down 0.6% on year to 81.5 million tonnes. A detailed report will be posted soon.
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China’s sales of excavators and other heavy machinery over January-October increased by 14.4% on year to 196,222 units, a historical high, according to the latest data released by the China Construction Machinery Association (CCMA) on November 9.
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China imported a total of 877.2 million tonnes of iron ore over January-October, with the year-on-year decline of 1.6% being slower than the 2.4% decrease seen over January-September. This was because of the higher import volumes arriving in October compared with last year, Mysteel Global understands from the latest statistics released by the country's General Administration of Customs.
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China’s imports of coal and lignite plunged by 15.2% on month in October but grew 11.3% on year to reach 25.7 million tonnes, according to new data from China’s General Administration of Customs on November 8.
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China’s
imports of coal and lignite declined by 15.2% on month to 25.7 million tonnes
in October. Over January-October, the country’s total imports of coal and
lignite increased by 9.6% on year at 276.2 million tonnes. A detailed report
will be posted soon.
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China's iron ore imports declined 1.6% on year to about 877 million tonnes for January-October. A detailed report will be posted soon.
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China’s large- and medium-sized iron ore miners saw their gross profits up nearly four times over January-September thanks to the overall price rises in the iron ore market and robust demand from the domestic steel mills, Mysteel Global understands from the latest statistics from the Metallurgical Mines’ Association of China (MMAC).
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Japan, world’s third-largest crude steel producer witnessed an increased in exports of ferrous scrap, semi finished and finish flat steel, while exports of finish long steel observed decrease on quarterly basis in Q3’19, the customs data maintained with SteelMint showed.
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China's total sales of 14-100 tonne heavy-duty trucks during January-October amounted to 979,000 units, roughly stable from the 976,006 units seen in the same period last year, according to the latest data from Beijing-headquartered Commercial Vehicle World (CVWorld) published on November 2, though it noted a strong possibility for the total sales for 2019 to exceed last year’s 1.14 million units.
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China’s Purchasing Managers’ Index (PMI) for the country’s manufacturing industry fell 0.5 basis point on month to 49.3 for October, connoting a retreat in domestic manufacturing, according to the latest release from China’s National Bureau of Statistics (NBS) on October 31. A reading below 50 signifies contraction, Mysteel Global notes.
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China's October steel PMI hit a 46-month low of 41.3, down 2.9 basis points on month. A detailed report will be posted soon.
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Combined gross profit of China’s ferrous smelting and processing industry slumped 41.8% on year to Yuan 197.2 billion ($28 billion) over January-September, partly due to the rising operational costs, according to the latest statistics from China’s National Bureau of Statistics (NBS) on October 27.
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China’s silicomanganese (SiMn) sector will continue to descend next year as several negative factors including oversupply of the ferroalloy, sliding prices and a deteriorated global environment all combine, according to Zhou Zhiqing, carbon steel alloy department manager of Beijing-based China National Minerals Co.
