China’s fixed asset investments (FAI) both overall and in the property market specifically, accelerated to last month, growing by 1.8% and 6.3% respectively over January-October, with the former 1 percentage point higher and the latter 0.7 percentage points higher than those for the first nine months, according to the country’s National Bureau of Statistics (NBS).
Altogether 15 countries including 13 in Asia and Australia and New Zealand signed the Regional Comprehensive Economic Partnership (RCEP) on November 15 via a virtual conference, which has created the world’s largest free trade bloc and has been great news in general to the commodities market sources, Mysteel Global noted.
中国的固定资产投资同比增长1.8％，比1 - 10月或1个百分点，高于前三季度，其中，在房地产的资金比1月份同比涨幅为0.7个百分点，同比增长6.3％，比获得更高- 9月，根据该最新版本
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.
China’s gross domestic product (GDP) may grow 2% on year for the whole 2020 should the growth for the fourth quarter approximate 6.1% on the condition that “favourable factors will outweigh the adverse ones”, Meng Chun, researcher from China’s Development Research Center of the State Council shared at the 2020 National Steel Scrap Conference on November 12 in Haikou, South China’s Hainan.
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.
Over November 2-6, Japan’s domestic steel scrap prices rose for the second week by another $5/tonne as steel mills were keen to secure H2 supplies, while new export booking prices of H2 were estimated to stay flat in general with little transaction volume, scrap traders in Tokyo shared.
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.
China’s foreign trade value grew faster at 1.1% on year over January-October against the 0.7% growth for the first nine months, and both exports and imports showed the continuing improvement, with the former having increased faster by 2.4% on year and the latter narrowed the on-year decrease to 0.5% on year, the latest data from the country’s General Administration of Customs showed.
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.
由中国国务院，全国的最高经济理事会于11月2日发布的指导方针，重申，新能源汽车（NEVS）的发展将加强该国的汽车行业刚刚从数量发展起到了至关重要的作用。
中国国内钢材价格仍可能有房在本月内随着需求的增188体育滚球平台导航长可能会超过该供应，Mysteel的首席分析师汪建华，共享于10月30日他的短期后市。
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.
China’s Purchasing Managers’ Index (PMI) for its manufacturing industry remained largely stable on month, down merely 0.1 basis point to 51.4 for October, or having stayed in the expansion zone for the eighth month, confirming the continuing improvement in the sector, Zhao Qinghe, the senior statistician from the country’s National Bureau of Statistics (NBS) highlighted in his latest analysis.
The Purchasing Managers’ Index (PMI) for China’s steel industry for October scored 45.8, still in the contraction zone, but it recovered from a four-month decline, up 1.9 basis points on month, which was interpreted as signs of stabilization, the index compiler - the CFLP Steel Logistics Professional Committee (CSLPC) – shared in the release on October 31.
在未来五年，中国将追高品质的国家发展，进一步提升其系统环境的保护，实现在经济，工业和能源结构的根本性转变，梨膏，生态部的气候变化部的负责人and Environment (MEE), shared at the ministry’s press conference on October 28, touching upon some key components in the drive towards an eco-friendly economy in the long run.
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.
到2035年，中国的目标是实现社会主义现代化，其人均国内生产总值（GDP）匹配一个中等水平的经济发达，在关键领域的核心技术做出重大突破，成为创新的全球领导者，据新华社消息10月29日在总结19中国共产党中央委员会第五次全体会议上达成的协议的报告。
截至9月，可观的中国工业企业的利润下滑，虽然程度比1 - 8月收窄至2.4％，同比兑4.4％，同比为，确认他们的表现已经不断提高，根据详细的共用China’s National Bureau of Statistics (NBS) on October 27.
