After the robust performance in April and May, China’s domestic steel demand may step onto a down slope starting June, and 2020 may end with a 4% on-year decline in total steel consumption, while the supply glut will be even more outstanding against the retreat in consumption in H2, Xu Xiangchun, Mysteel’s senior steel analyst, warned the market at the 3rd Bohai Economic Rim Steel Conference 2020 on June 3, the first large-scale virtual conference that Mysteel held with over 1,000 dial-ins and over 50,000 views.
China’s “two sessions” in 2020 are of even greater significance than the previous years, as the top two political sessions to start on May 21 and May 22, will not only finalize the country’s series of development tasks including economic growth for this year but will also pan out the 14th five-year (2021-2025) planning period strategy, and many industries including steel are expecting more stimulus measures from Beijing to combat against the impact of the COVID-19.
China’s 81 property enterprises have filed for bankruptcy since the start of 2020, according to the official data from the People’s Court Announcement, as their promotional efforts including discounts have been futile in selling off their housing stocks so far when people dare not even step out of the door most of the time since the nationwide outbreak of Novel Coronavirus Pneumonia (NCP) in latest January.
Earlier than usual, China’s Ministry of Finance (MOF) disclosed on November 27 to grant China's local authorities a total of Yuan 1 trillion ($142.4 billion) quota for the issuance of government bonds for specific uses, which is part of efforts to stabilize the national economy in 2020, clarifying that this is just “part of the whole parcel”.
CONF：东盟钢铁产能，达到144万吨/年3 - 5年2019年11月26日
China’s central government has launched a round of thorough checks to determine actual steel output and existing steel capacities in all provinces, autonomous regions and municipalities nationwide, intending to have an accurate and clear picture of the country’s steel industry when the audit is done, an official from the one of the three governing bodies in charge of the task confirmed on Wednesday.
China’s Ministry of Ecology and Environment (MEE) released two notices on its website on November 12 regarding winter restrictions in the Fenwei Plains and the Yangtze River Delta area over October 1-March 31 2020, with steel, coal and coke industries mentioned, though the focus has been on PM2.5 reduction and waste emission than any detailed and specific instructions in tackling coking, blast furnaces, and sintering.
After a six-year hiatus, China’s National Development and Reform Committee (NDRC), the country’s top economic planning body, has released its latest industrial restructuring guidelines, effective on January 1 2020, to direct the development of all the key 48 economic sectors including new energy, coal, steel, nonferrous metals and mining. The version, posted on the Committee’s
China’s crude steel production found another burst of energy during April and May – after leaping by nearly 10% over January-March – to refresh new output highs and in turn, fuel market concerns about oversupply, according to a report in China Metallurgical News on June 19, according to a report in China Metallurgical News on June 19.
特点：搬迁 - 福音还是祸害了中国钢厂？2019年4月29日
博客：南钢股份 - 中国东部花园钢铁厂2019年4月2日
钢铁厂被认为是肮脏的，多尘且没有颜色的，对不对？也许在工厂的强制性的“绿带”几个肮脏的灌木？What amazed the group of 37 foreign and Chinese visitors when they strolled into the worksite of Nanjing Iron & Steel Co (NISCO) on March 29 in East China’s Nanjing, therefore, was nothing about steel at all, but all the beautiful blossoms and the peach trees bordering roads within the works and in gardens around facilities sheds.