The falloff in orders for Japanese steel placed by overseas customers grappling with the coronavirus outbreak led the country’s steel exports during May to plunge 17.5% on year to 2.48 million tonnes, according to preliminary data released by Japan’s Ministry of Finance on June 17. The May total was also down 11.8% on month, the data show.
China’s price of HRB400 20mm dia rebar inched down Yuan 10/tonne ($1.4/t) on day to Yuan 3,799/t including the 13% VAT as of June 17. In the meantime, transactions concluded in the physical market also remained weak, Mysteel’s data showed.
Japan’s crude steel output for the fiscal 2020 (April 2020-March 2021) may decline to around 80 million tonne from the 98.43 million tonnes for FY19, predicted Eiji Hashimoto, the newly-appointed chairman of the Japan Iron & Steel Federation (JISF) on June 16 after the first press conference as chairman.
Japan’s domestic ordinary carbon steel sales continued to fall in April, down 27.8% on year to 2.63 million tonnes, only slightly higher than the 2.61 million tonnes for December 1968, according to the data released by the Japan Iron & Steel Federation (JISF) on June 16.
工业和信息化（DIIT）在北中国山西新闻部重申了加速连接本地企业对国家铁路系统专用铁路线建设计划。By 2020, all the province’s large-sized industrial and mining enterprises, whose annual delivery volume of goods is above 1.5 million tonnes, will start to build special short-distance rail links from their factories and mines to national trunk lines, according to a recent plan from the department.
台湾丰兴螺纹钢，废钢价格再升$ 10 /牛逼betway必威客户端下载2020年6月16日
Feng Hsin Steel, Taiwan’s largest rebar producer, has decided to lift its buying price for locally-sourced scrap and its list price for rebar by another TWD 300/tonne ($10/t) over June 15-19, thanks to the further increase in global scrap prices and better rebar sales in Taiwan, a company official confirmed on Monday.
China’s price of Q235 4.75mm hot-rolled coil (HRC) had been increasing since early May, up another Yuan 15/tonne ($2.1/t) on week to Yuan 3,754/t including the 13% VAT as of June 12, mainly due to the further decreases in stocks as downstream demand had been stable, according to Mysteel’s market survey.
东京制铁增加了$ 28-47 / t至所有标价七月betway必威客户端下载2020年6月16日
Tokyo Steel Manufacturing, Japan’s top electric-arc-furnace steel producer, will raise prices of all its finished steel products for July sales by Yen 3,000-5,000/tonne ($28-47/t), the company announced on June 16, citing higher scrap costs.
Weekly rebar output among China’s 137 steelmakers hit the highest in record since Mysteel commented the survey in February 2015, totalling 3.99 million tonnes over June 4-10, or up for the 15 straight week by another 0.8% on week, though domestic steel demand has shown signs of receding since the second week of May on the more frequent and heavy rainfalls especially in South China.
Chinese industry continued to recover in May, recording year-on-year growth of 4.4%, according to the latest release of China’s National Bureau of Statistics published on June 15. The May result was faster than the 3.9% for April – the first month of positive growth after several negative months when the COVID-19 outbreak was raging, Mysteel Global notes.
The declines in China’s total fixed asset investment (FAI) and the funding in the property market slowed further by May, with the former down 6.3% on year over January-May as against the 10.3% on-year fall in the first four months, and the latter dipping 0.3% as against the 3.3% fall by April, according to the latest data from China’s National Bureau of Statistics (NBS) on June 15.
China’s crude steel output picked up the pace again in May, posting a 1.9% on-year growth over January-May to 411.8 million tonnes from the 1.3% on-year rise for the first four months, with the output for May alone at a record high, according to the statistics from the country’s National Bureau of Statistics (NBS).
China’s hot-rolled coil prices remained largely steady amid disciplined production pace, but rebar prices softened moderately over June 8-12, as demand especially in South China had been severely affected by the heavy rainfalls while production continued trending up, though the high steelmaking raw material prices had been lending support to the domestic steel prices for now.