-
Despite the hit that the domestic and global economies suffered from the spreading COVID virus last year, Chinese white goods manufacturers managed to maintain comparatively stable production and sales throughout 2020, thanks in part to increasing overseas demand, new official data shows.
-
Japan’s total steel exports during calendar 2020 fell 4.8% on year to 31.26 million tonnes, according to preliminary data released by Japan’s Ministry of Finance on January 21. Last year’s result marked the fourth year in a row that annual export volume had fallen below 40 million tonnes, with the reduction mainly attributed to the negative impact of the COVID-19 outbreak on steel consumption worldwide.
-
Chinese steel mills would not have foreseen a rather robust December in 2020 though steel prices had climbed out of the deep hole since last April and stayed on an uptrend with the resumption of the economic and industrial activities afterwards for the rest of the year.
-
China’s gross domestic product grew 2.3% on year for the whole of 2020, exceeding Yuan 100 trillion ($15.4 trillion) for the first time ever and approximating Yuan 101.6 trillion， and all the key sectors also performed better than excepted, Mysteel Global noted from the latest release by the country’s National Bureau of Statistics.
-
Chinese shipbuilders received new vessel orders totalling 28.9 million dead weight tons (dwt) during 2020, according to new data from the China Association of the National Shipbuilding Industry, and though this was down by 0.5% on year, China nonetheless outpaced South Korea to regain first place for total orders secured globally after a two-year hiatus, CANSI said. But the global shipbuilding industry is still navigating challenging times, it warned.
-
China’s total pig iron output in 2020 reached an all-time high of 887.5 million tonnes, higher by 4.3% on year, new data from the country’s National Bureau of Statistics (NBS) published on January 18 showed.
-
Just as expected, China’s crude steel output had exceeded 1 billion tonnes for 2020, approximating 1.05 billion tonnes or up 5.2% on year, according to the latest release by the country’s National Bureau of Statistics (NBS) on January 18.
-
China’s fixed asset investment (FAI) continued to grow in the last month of 2020, and the whole year’s total FAI grew 2.9% on year, up 0.3 percentage point from the gain in the first eleven months, among which the funding in the property market grew more substantially by 7% on year for 2020, or 0.2 percentage point more than the rise for the first eleven months, according to latest release by the country’s National Bureau of Statistics (NBS).
-
China's gross domestic product (GDP) grew 2.3% on year for the whole 2020, with the growth for the fourth quarter scoring 6.5% on year, or higher than the 4.9% on year for the third quarter, and the performance of the major sectors had been better than expected, according to the
-
China’s fixed asset investment grew 2.9% on year during full year 2020, or 0.3 percentage point higher than that for the first eleven months, among which, the funding in the property grew 7% on year or 0.2 percentage point higher than the gain over January-November, according to the latest release
-
China's 2020 crude steel output grew 5.2% on year to about 1.05 billion tonnes, with the December volume up 7.7% on year to 91.3 million tonnes, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
-
China’s foreign trade value hit a record of Yuan 32.16 trillion ($4.97 trillion) for the whole 2020, higher by 1.9% year, while the country’s contribution to global trade reached 12.8% over January-October, according to the official data from the World Trade Organization, also a record high, shared Li Kunwen, the spokesperson of China’s General Administration of Customs on January 14.
-
The auto production among China’s 15 major automakers declined 27.4% on year to 523,000 units over January 1-10, according to the latest data from China Association of Automobile Manufacturers (CAAM) on January 14, which was mainly due to the growing shortage of auto semiconductors and the manufacturers’ relaxation on output at the start of the year, according to market sources.
-
The inventories of finished steel at trading warehouses across China increased for the third week over January 8-14, as steel demand continued to soften from the sudden freeze in temperatures and the virus resurgence, especially in North China, new Mysteel data shows. However, the space for steel prices to decline remains limited, sources said.
-
Japan’s core machinery orders from domestic users excluding shipbuilders and power equipment makers improved for the second consecutive month in November, rising by 1.5% on month in value to Yen 854.8 billion ($8.2 billion), according to a release by the Japanese government’s Cabinet Office on January 14.
-
China’s finished steel imports totaled 20.2 million tonnes for 2020, or up 64.4% on year, according to the Latest statistics from the country’s General Administration of Customs (GACC) on January 14, a new high since 2006 when Mysteel started archiving the GACC data, mainly due to the country’s fast recovery from the impact of the COVID-19 and the affordability of the overseas supplies.
-
China’s steel imports increased 64.4% on year to 20.2 million tonnes, while itssteel exports continued to decline, down 16.5% on year to53.7 million tonnes for the whole year last year,according to the latest statistics from China’s General Administration of Customs. A detailed report will be posted soon.
-
Despite the massive economic disruption caused by the COVID-19 contagion last year, automotive sales across China only declined 1.9% on year in 2020, according to the latest release from the the China Association of Automobile Manufacturers (CAAM) on January 13, and it was in line with the association's latest estimation of a 2% on-year drop at most by in mid-December 2020.
-
China’s sales of excavators and other heavy machinery for both domestic and export customers soared by 39% on year to reach 327,605 units for 2020, refreshing the sales record, according to the latest data released by the China Construction Machinery Association (CCMA). The surge in full-year sales was faster than the 16% on-year rise seen in 2019.
-
The
Japanese government has imposed the second round of state of emergency over
January 8-February 7 not only to the whole country but to Tokyo and three
adjacent prefectures to slow down the spread of the COVID-19, and the sectors
constrained in the latest round are not as many as in the first round
