China’s natural gas consumption is expected to grow at 4.2% in 2020, the slowest pace in five years, a government research report said, after the coronavirus pandemic slowed economic activity and dented demand for energy. Demand for natural gas grew just 1.5% in the first half, the report by the oil and gas department at […]
Pandemic to trim China’s 2020 gas demand growth to 4.2% Read More »
China’s industrial output accelerated the most in eight months in August, while retail sales grew for the first time this year, suggesting the economic recovery is gathering pace as demand starts to improve more broadly from the coronavirus crisis. An annual decline in fixed-asset investment over January-August also moderated thanks to expanded stimulus from Beijing,
China’s industrial engine gathers speed Read More »
China’s exports rose for the third consecutive month in August, eclipsing an extended fall in imports, as more of its trading partners relaxed coronavirus lockdowns in a further boost to the recovery in the world’s second-biggest economy. Exports in August rose a solid 9.5% from a year earlier, customs data showed on Monday, marking the
China’s exports rise the most in nearly 1-1/2 years Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in July 2020, a 2.5% decrease compared to July 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
World crude steel production decreased by 2.5% in July Read More »
Steel demand is expected to decline significantly in 2020-21 in line with a projected contraction in the global economy due to the impact of coronavirus pandemic, Tata Steel NSE 2.22 % has said in its annual report. Most of the steel producing regions are expected to witness a decline in crude steel output due to
Tata Steel : World economy to see ‘worst contraction’ in 2020 Read More »
Iron ore price continued to follow an uptrend on Tuesday, since positive market moods were supported by improved trading activity in the seaborne market. Australian iron ore fines 62% Fe went up by $1.5/t to $116.75/t CFR, following an RMB 17/t ($2.4/t) rise in September contracts on the DCE. Optimistic sentiment spurred seaborne buying activity
Iron ore rises on high demand Read More »
According to the state-owned media citing China customs data released on July 25, China imported 2.48 million tonnes of semi-finished steel products in June, mainly billet, and slab added to finished-steel imports. In June, China’s import reached 4.358 million tonnes, exceeding June’s finished steel exports of 3.701 million tonnes; this has made China a net
China becomes net steel importer first time in 11 years in June Read More »
Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets. Brent crude LCOc1 dipped 8 cents, or 0.2%, to $43.26 a barrel by 0403 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 dropped to $41.22 a barrel, down 7 cents, or
Oil slips as U.S.-China friction, rising virus cases weigh on markets Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes (Mt) in June 2020, a 7.0% decrease compared to June 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production
world’s production of crude steel declined 6.0% in H1 2020 Read More »
Japan’s iron ore imports decreased considerably in June, as domestic steel mills kept output cuts under pressure from lower demand in the manufacturing sector due to the Covid-19 pandemic. According to preliminary data released by the Ministry of Finance on July 19, Japan imported 6.1 million tonnes of iron ore in June, a decrease of
Japan’s iron ore imports sharply lower in June Read More »
China’s steel exports in June reached an eight-year low of 3.7 million tonnes while the country’s steel imports topped 1.9 million tonnes to hit a ten-year high, according to the latest statistics from China’s General Administration of Customs published on July 14. Meanwhile, China’s steel imports in June were 46.8% higher month-on-month and higher by
China’s June steel exports at 8-y low, imports 10-y high Read More »
According to Chinese customs authorities on July 14, China imported 101.682 million tonne of iron ore, up by 35.3% year-on-year, while increasing by 16.8% month-on-month in June this year. In the January-June period of this current year, iron ore imports in China increased by 9.6% year-on-year, reaching 546.907 million tonne, with the year-on-year rise 4.5
China’s iron ore imports up 35.3% in June, highest since Oct 2017 Read More »
On July 6, inventory of iron ore at 33 major Chinese ports amounted to 91.28 million mt, up 0.72 million mt or 0.8 percent compared to June 29, as announced by China’s Xinhua News Agency. In the previous week ending June 29, inventories increased by 1.09 percent, as SteelOrbis reported earlier. In the week ending
Iron ore inventories at Chinese ports continue to rise gradually Read More »
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.1 million tonnes (Mt) in March 2020, a 6.0% decrease compared to March 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates from national and regional associations, which may be revised with
World crude steel production decreased by 6% in March Read More »