Chinese industry continued to recover in May, recording year-on-year growth of 4.4%, according to the latest release of China’s National Bureau of Statistics published on June 15. The May result was faster than the 3.9% for April – the first month of positive growth after several negative months when the COVID-19 outbreak was raging, Mysteel Global notes.
The declines in China’s total fixed asset investment (FAI) and the funding in the property market slowed further by May, with the former down 6.3% on year over January-May as against the 10.3% on-year fall in the first four months, and the latter dipping 0.3% as against the 3.3% fall by April, according to the latest data from China’s National Bureau of Statistics (NBS) on June 15.
Over January-May, China’s steel exports declined more steeply by 14% on year, while steel imports rose 12% on year, according to the latest statistics from China’s General Administration of Customs (GACC) on June 7, as lower-priced overseas supplies had been sold to China when steel demand in other countries had been seriously dampened by the pandemic.
China’s fixed asset investment (FAI) declines on year but at a slower rate of 10.3% to Yuan 13.7 trillion ($2 trillion) over January-April as against the 16.1% on-year drop for the first quarter, with all the major sectors posting continuing recoveries in April, according to the latest data from China’s National Bureau of Statistics (NBS) on May 15.
上海钢联电子商务控股有限公司是一家领先的大宗商品信息提供商，已经成功地完成了钢铁和铁矿石价格指数两个独立的外部保证审查，被认证，所有的评审下，指数已经符合了188宝金博网址related requirements of the International Organization of Securities Commission (IOSCO) on April 30. It is the first time for Mysteel‘s steel pricing indices to be included in the review.
China’s steel exports dipped by 11.7% on year to 20.6 million tonnes over January-April, but the pace of the drop was considerably slower than the 16% plunge seen in this year’s first quarter, according to the latest statistics from General Administration of Customs of China (GACC) published on May 7.
China’s gross domestic product (GDP) over January-March fell for the first time since 1992 when the country’s National Bureau of Statistics (NBS) commenced the official release of the GDP figures by quarter, down 6.8% on year to Yuan 20.65 trillion ($2.9 trillion), according to the latest NBS release on April 17, confirming the heavy blow of the COVID-19 on China’s economy.
China’s fixed asset investment (FAI) plummeted 16.1% on year for the first quarter of 2020 to Yuan 8.4 trillion ($1.2 trillion), though the decline narrowed from the 24.5% year-on-year decrease for January-February, suggesting the country had been recovering from the COVID-19 starting March, according to the latest statistics from the National Bureau of Statistics on April 17.
China’s steel exports fell by 16% on year to 14.3 million tonnes over the first quarter of this year – less sharply than the 27% slump seen in January-February – as export volumes rose in March with mills’ efforts to place their products abroad when the domestic steel market was at a standstill.