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China

China results for Nov: crude production down 2%, exports down 36%

January 6, 2009

November crude steel production in China declined 2% to reach 35.19 million metric tonnes while finished steel production remained flat at 42.30 million tonnes.  Finished steel exports dropped 36% from October to 2.95 million tonnes and apparent domestic consumption reached a high of 40.37 million tonnes.  

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China, Steel & the Growth of Both

December 17, 2008

The difficulties of interpreting and forecasting the current dynamic economic environment are revealed in the latest World Bank report on commodities. You can download the report at the World Bank site or directly from us here Commodities at the Crossroads, 2009. It’s long-winded holiday reading, but if you follow steel (or commodities generally) it’s worth […]

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China results for Oct: crude production down 9%, finished up 19%

December 8, 2008

Crude steel production in China dropped 9% between September and October, falling to 35.9 million metric tonnes. However, finished steel production increased 19% in October to 42.9 million tonnes from 36.0 million tonnes in September. This is the highest Chinese monthly finished production level ever recorded, bringing it above the peak June 2008 level of […]

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US long products imports show small rise

November 19, 2008

US long products imports licenses grew marginally to 241,000 short tons in October from 233,000 tons of actual imports in September. As predicted in an earlier post, rebar licenses declined (to 37,000 tons from 58,000 September actuals) and wire rod licenses increased (to 143,000 tons from 97,000 September actuals). China accounted for a big portion […]

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China results for Sept: crude production drops 7%

November 5, 2008

Crude steel production in China dropped 7% between August and September, falling to 39.61 million metric tonnes. This is the lowest crude production level since the June peak of 46.94mt. Net exports dropped from 6.35mt to 5.39mt in September due to a 1mt decline in exports.  

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Chinese steel industry downturn reports

November 3, 2008

Some of you may have caught this article from China Daily as it passed through the newsfeed in the Nerds sidebars. It’s an account of the current downturn in the Chinese steel industry. For example: According to China Iron and Steel Association, most large steel firms have only managed to break even since July and […]

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