Japan’s electric-arc-furnace (EAF) steel producers may be struggling to ink more billet export deals to fend off a weakening domestic steel market, as overseas buyers have showed waning enthusiasm in booking recently, mini-mill sources in Tokyo and Osaka shared on July 7.
The Purchasing Managers’ Index (PMI) for the steel industry in North China’s Hebei province, the country’s largest steel production base, reversed down to 51.5 in June after the prior three months’ continuous increase, according to the latest release by the Hebei Metallurgical Industry Association.
China’s large- and medium-sized iron ore mining companies earned a total of Yuan 6.8 billion ($1 billion) from sales of iron ore concentrates over January-May, higher by 20.2% on year, according to the latest survey from the Metallurgical Mines’ Association of China. Improved prices for their concentrates are what did the trick, MMAC data show.
Japan’s Purchasing Managers’ Index (PMI) for its manufacturing industry recovered by 1.7 basis point on month to 40.1 for June, indicating that the operations and market sentiment had been improving after a few months of declines since February, according to the release from au Jibun Bank Corporation on July 1.
By the end of May, Japan’s carbon steel stocks at steel mills and distributors totaled 5.93 million tonnes, up 2.4% on month, or the first rise in three months, according to the data released on June 30 by the Japan Iron & Steel Federation (JISF), indicating faster domestic demand decline and the no effect shown from production cuts, according to the market sources.
Japan’s ordinary carbon steel exports fell by 21.4% year on year in May to some 1.63 million tonnes, according to data released by the Japan Iron & Steel Federation (JISF) on June 29. The impact of COVID-19 on customer demand abroad was the main reason for the decline, the Association explained.
China’s Purchasing Managers’ Index (PMI) for its manufacturing industry reversed up 0.3 basis point on month to 50.9 in June with major elements such as new orders and production posting gains on month, according to the release from the country’s National Bureau of Statistics (NBS) on June 30.
After three months of recoveries, China’s Purchasing Managers’ Index (PMI) for the steel industry reversed down in June by 1.6 basis points on month to 49.3, as steel production rapidly grew while demand softened, and the PMI for H1 averaged 45.3, down 5.5 basis points on year mainly because of the COVOD-19 outbreak, according to the release by CFLP Steel Logistics Professional Committee (CSLPC) on June 30.
Japan’s eight major automakers posted their May production fell 62.8% on year or 1% on month to 912,377 units in total from all of their global plants, Mysteel Global calculated basing on their individual releases on June 29, which was mainly due to the negative impact of the COVID-19 on their operations and market demand, according to market sources.
China’s coking coal imports still declined by 23.8% on month or 19.1% on year to 4.8 million tonnes for May, even though the plunge in Australian coking coal imports was partially offset by a marked growth from Mongolian supplies, according to the latest breakdowns by country from China’s General Administration of Customs (GACC).
China’s flat steel exports suffered a 27.5% on-year fall in May to reach 2.5 million tonnes, down from 4.1 million tonnes in April, according to the latest statistics from China’s General Administration of Customs (GACC) published on June 24. Chinese traders blamed the impact the pandemic continues to have on overseas flat-steel demand.
钢production in Asia in May including that of China, the world’s largest steelmaking country, posted a 3.3% on-year decline to 113.5 million tonnes, while the whole world’s steel output fell more substantially by 8.7% on year to 148.8 million tonnes, according to the latest data from the World Steel
日本的大阪钢由$ 47 /牛逼提高七月型材价格188体育滚球平台导航2020年6月23日
Osaka Steel, Japan’s largest producer of steel sections, has raised its list prices for the first time after October 2018, adding Yen 5,000/tonne ($47/t) to its July sales prices mainly to reflect higher production costs, a company official confirmed on June 23.
Japan’s crude steel output including carbon and special steel dropped more substantially in May, down 31.8% on year to about 5.9 million tonnes, as against the 23.5% on-year fall in April, which was mainly due to the negative impact of the pandemic on steel demand, according to the latest data released by the Japan Iron & Steel Federation (JISF) on June 22.
Chinese production of air-conditioners declined by 14.7% on year to 19.4 million units during May, according to the latest data from China’s National Bureau of Statistics, with the May result taking total production over January-May to some 78 million units, lower by 23.1% on year, the NBS data show. However, the pace of the decline had slowed marginally from the 24.8% decrease charted over the first four months.
中国造船企业在一月至五月接到新船订单相当于总1160万载重吨（DWT），同比下降1.2％，根据国家船舶工业的中国协会（CANSI）6月19日发布的最新版本. Demand for new vessels stayed dull as global freight markets continue to be buffeted by the coronavirus storm, Chinese market sources said Friday, admitting they were pessimistic about the medium- to long-term future for the country’s shipbuilding industry.