Japan’s core machinery orders from domestic users excluding shipbuilders and power equipment makers during the current quarter are forecast to drop by 1.9% on a seasonally adjusted basis from the July-September period to Yen 2.18 trillion ($20.78 billion), according to a release from the Japanese government’s Cabinet Office on November 12. The decline would make for the sixth consecutive on-quarter decline, the statement noted.
Nippon Steel, Japan’s largest integrated mill and a leader in H-beam producer, has decided to keep its November H-beam prices for domestic spot sales unchanged, to give the market a month to fully digest the price hike it tabled for October sales, the company announced on November 12.
In October, China’s auto sales persisted on the uptrend, up 0.1% on month or 12.5% on year to 2.6 million units, and among the total, new-energy vehicles (NEVs) sales grew more remarkably, jumping 13.9% on month or 104.5% on year, according to the latest data from the China Association of Automobile Manufacturers (CAAM) on November 11.
Japan’s ship plate consumption may decline further, as the new orders received by the Japanese shipbuilders in October fell further, down 21.7% on month or 11.9% lower on year to 735,450 gross tonnes or in 14 vessels, according to new data released by the Japan Ship Exporters’ Association (JSEA) on November 11.
Japan’s crude steel output including both carbon and special steel is estimated to grow to about 21.8 million tonnes over October-December, or up 14.9% on quarter, according to a release by Japan’s Ministry of Economy, Trade and Industry (METI) on November 10, indicating the continuing demand improvement.
JFE Steel, Japan’s second largest integrated mill, will start relining the No.6 blast furnace at the Chiba area of its East Japan Works much sooner than the mill had initially scheduled, saying that by starting the work early it can start cutting production costs sooner, JFE announced on November 9.
Nippon Steel, Japan’s largest integrated mill, plans to lift the capacity utilization of its steelmaking to 80% over the second half (October 2020 – March 2021) of the fiscal 2020, from the 60-70% in the first half in response to better domestic demand mainly from the auto sector, the company announced on November 6.
Nippon Steel Stainless Steel Corp (NSSC), Japan’s largest stainless producer, is again raising list prices of 300-series cold-rolled coils (CRCs) and plates for domestic sales to distributors, this time by Yen 5,000/tonne ($48/t) for November orders, a sales official from the company confirmed on November 6. The adjustment is its fifth since June and again, it is blaming higher nickel prices.
Kobe Steel, Japan’s third largest integrated mill, adjusted upward its crude steel output target for fiscal 2020 (April 2020 - March 2021) by 4.6% or 250,000 tonnes from the projection in August to 5.65 million tonnes on the anticipation of better demand from the domestic auto sector and related customers for the rest of the FY20.
日本钢铁生产商$ 10 /吨提高部分价格188体育滚球平台导航2020年11月5日
Final data for last month’s sales of heavy trucks in China will likely show a 41% surge on year to around 129,000 units, even though compared with September, October sales fell by 14.3%, according to the latest report published by Beijing-headquartered Commercial Vehicle World (CVWorld) on November 2. Full-year sales would definitely exceed 1.5 million units, it predicted.
Japan’s Purchasing Managers’ Index (PMI) for its manufacturing industry recovered by 1 basis points on month to 48.7 in October, suggesting that the industry still hovered in the contraction zone despite moderate recovery, though the latest PMI had been highest thus far in 2020, according to the release from au Jibun Bank Corporation on November 2.
日本的300系列不锈钢冷轧薄板价格上涨$ 96 /牛逼188体育滚球平台导航二零二零年十月三十零日
生产at the domestic and overseas plants operated by Japan’s eight major automakers rose by 1.5% on year in September to some 2.39 million units, making for the auto companies’ first on-year monthly increase since July 2019. Last month’s output was also higher by a sizzling 29.5% from August, according to Mysteel Global calculations based on their individual releases published on October 29. Market sources in Tokyo suggested active automobile demand in China helped the Japanese automakers to lift their output.