Latest news on the China steel market

FLASH: China's sales of passenger cars top 2.1 million in Nov

Retail sales of passenger vehicles throughout China soared by 25.5% on year to nearly 2.1 million units during November, according to the latest data from the China Passenger Car Association (CPCA) released on Friday. The result also represented a 2.3% on-month increase, the Association stated, show

HBIS Group's Dec FeSi bidding price down $32/t on month

On Dec 8, 2023, Hebei Iron & Steel Group (HBIS Group) finalized its FeSi bidding price for Dec delivery at Yuan 7,100/tonne ($992/t) , down Yuan 230/t ($32/t) on month, while bidding volume down 153 tonnes on month to 1,863 tonnes. Written by Amy Bian, bianma@mysteel.com

HBIS Group's Dec SiMn bidding price down $25/t on month

On Dec 8, 2023, Hebei Iron & Steel Group (HBIS Group) finalized its SiMn bidding price for Dec delivery at Yuan 6,550/tonne ($915/t) , down Yuan 180/t($25/t) on month, while bidding volume up by 2,600 tonnes on month to 15,500 tonnes.Written by Amy Bian, bianma@mysteel.com

South32 cuts Jan Mn ore prices to China

South32 Ltd, the world's leading manganese miner, has decided to cut its offering price for 45% grade Australian manganese ore lump by $0.12/dmtu on month to $4.28/dmtu CIF China for January shipments. It's price of 36% grade South African semi-carbonate lump is at $3.6/dmtu CIF China, down by $0.1/

FLASH: China's excavator sales slump 37% YoY in Nov

China's sales of excavators to both domestic and overseas markets slid by 37% on year to reach 14,924 units in November, according to the latest data released by China Construction Machinery Association (CCMA).

Rio Tinto to ship 323-338 mln t iron ore from Pilbara in 2024

Rio Tinto, the world's top iron ore miner, aims to ship 323-338 million tonnes (on a 100% basis) of iron ore from its Pilbara operations in Western Australia in calendar 2024, according to a press release by the miner on December 6.

FLASH: Newcastle port coal exports down 0.7% MoM in Nov

Coal exports from Australia's Newcastle port to other regions in the world retreated by 0.7% from October to reach 12.87 million tonnes in November. While the exports were still higher by 36.3% from the same period last year, according to the new data from the Port of Newcastle.   The value of

FLASH: Graphitization companies reduce production on air pollution alert

Mysteel recently learned that around companies specialize in graphitization have reduced their capacity utilization rates by 70-80% due to orange air pollution alert in Sichuan Province, except those with emergency plans.   The production resumption time awaits further notice.   Source: Mysteel   Wr

FLASH: China's Jan-Nov copper concs imports jump 10.7% YoY

China's imports of copper ore and concentrates during this year's January to November period jumped by 10.7% on ear to reach 25.1 million tonnes, according to new data compiled by China's General Administration of Customs (GACC).

FLASH: China independent refineries' capacity utilization rates down on week

CDU capacity utilization rates of China's independent refineries averaged 63.38% over December 1-7, down 0.27 percentage point from last week, according to OilChem.   Note: The statistics cover 99 independent refineries across China, with a coverage rate of 100%.   Written by Aggie Hu, huchenying@my