-
Prices for imported iron ore in China's portside and seaborne markets declined on March 5, with activity in both markets today becoming limited.
-
Prices of Chinese rebars in Shanghai’s futures market stayed strong this week, but the rise in prices suffered a sudden bite from the unexpected 3.1% on-day drop on March 5, as jittery punters reacted to the volatility in global financial markets and Beijing’s rather cautious GDP target for this year.
-
China’s determination to cut domestic steel output in 2021 should not be seen as a target, but rather a means to achieve the high-quality development and upgrading of the steel industry, according to He Wenbo, executive chairman of China Iron and Steel Association.
-
Total coke stocks at the 230 Chinese independent coking plants surveyed weekly by Mysteel swelled by 34% on week to a six-month high of 1.2 million tonnes as of March 4, chiefly due to higher coke production but also from the slight drop in coke sales to steel mills and traders the same week.
-
Total passenger car sales throughout China over January to February increased 71% on year to nearly 3.4 million units, according to the latest release from the China Passenger Car Association (CPCA). But the semi-conductor shortage continues to impact car manufacturing, it warned.
-
Edited by Lea Li, liye@mysteel.com
Disclaimer: The data is provided only for market reference. Mysteel accepts no responsibilities for consequences caused by usage of the data.
-
China’s National People’s Congress (NPC), the country’s top legislature, has proposed the target for the country's gross domestic product (GDP) growth to be at least 6% on year this year when holding its annual meeting in Beijing for the first day on March 5.
-
As ofMarch4,40ofthe 126 blast furnaces in Tangshan region, North China’s Hebei province, under Mysteel’s weekly survey are either undergoing maintenance (excluding long-term production halts) or being idled.
Blast furnaces totaling 31,400cu m, thus,are not producing during the survey period, and the capacity utilization rate among the total is at 75.39%, or
-
As of March4, among 247 steelmakers nationwide, blast furnace (BF) capability utilization rate registered at 92.05%, 0.23percentage point loweron week. The daily molten iron output among the steel plants also decreased by 6,100tonnes/day over the period to 2.45million t/d. Among these steel works, 90.04% were making profits, 4.33percentage points higheron
-
Blast furnace capacity utilization among the 247 steel mills across China surveyed by Mysteel reversed down over February 26-March 4, nudging south by 0.23 percentage point on week to 92.05%, as some mills in North China’s Hebei province had been asked to halt production to improve air quality while Beijing hosts visitors for the ‘Two Sessions’ political meetings starting this week.
