The price of Q235 4.75mm hot-rolled coil (HRC) in China’s major markets softened by a mere Yuan 9/tonne ($1.3/t) on week to Yuan 3,983/t including the 13% VAT as of August 14, but market sources said that actual demand had stayed stable, Mysteel Global noted.
Japan’s gross domestic product (GDP) over April-June fell by 27.8% on year to about Yen 485 trillion ($4.55 trillion) on an annual basis, according to the latest release by the Cabinet Office, Government of Japan on August 17, which had been the steepest decline after the World War Two (WWII) because of the negative impact of the COVID-19, market sources commented.
China’s industrial growth continued to recover in July, rising by 4.8% on year, with operations and production in different industries further resumed, according to the latest release of China’s National Bureau of Statistics (NBS) on August 14. Happily for China’s steel industry, the manufacturing sector led the industrial growth.
国家统计局：中国的1 - 7月钢产量由2.8％增长速度2020年8月14日
China’s crude steel output grew at a faster pace over January-July, with the total tonnage up 2.8% on year to 593 million tonnes against the yearly growth of 1.4% over the first half of 2020, according to the latest data from the country’s National Bureau of Statistics (NBS).
国家统计局：中国1 - 7月固定资产投资同比下降1.6％，房地产增长3.4％2020年8月14日
China’s fixed asset investment (FAI) still declined by 1.6% on year over January-July, but it narrowed from the 3.1% drop in the first half, and the funding in the domestic property market grew 3.4% on year by July against the 1.9% on-year growth in H1, indicating continuing recoveries in July, according to the latest data from China’s Bureau of Statistics (NBS).
In July, China produced about 317.9 million tonnes of raw coal for all utilization, or down 3.7% on year, while its coke output edged up by 0.3% on year to 40 million tonnes for July, according to the latest release by the country’s National Bureau of Statistics. A detailed report
FLASH：中国1 - 7月固定资产投资同比下降1.6％，财产UP2020年8月14日
Over January-July,China’s fixed asset investment (FAI) still declined on year but narrowed to1.6%, and the funding in the domestic property market gained a further 3.4%on year, according to the latest release from the country's National Bureau of Statistics. A detailed report will be posted soon.
FLASH：中国的1 - 7月粗钢产量增长2.8％2020年8月14日
Japan’s ship plate consumption is expected to decline further, as new vessel orders posted an on-year decline for the sixth consecutive month by July, down 15.4% on year to 469,750 gross tonnes or eight vessels, according to new data released by the Japan Ship Exporters’ Association (JSEA) on August 13.