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China’s Q1 coal imports dip 2%, coke exports down 8%

The dip inChina’s coal imports during Q1 reflected the delays in Customs clearance offoreign coal at some Chinese ports after the government tightened clearanceprocedures including rules relating to chemical analysis for imported coal from...


NBS: Beijing happy at Jan-Feb property FAI 11.6% rise

NBS’s latest statistics showed that the sales of commercial housing declined 3.6% on year, or the first-ever decline in the past 14 months, according to the graph NBS included in its latest release, amounting to 141 million sq m for the f...


China’s Shagang scrap buying prices down by another $6/t

Monday’s pricereduction is Shagang’sthirdsince the start ofthisyear and takes the mill’s total cut so far to Yuan 110/t, Mysteel notes. After the adjustment,the East China steel giantis paying domestic scrap suppliers Yuan 2,540-2,640/...


FLASH: CHINA’S Q1 FAI GROWS 6.3% YOY

China's fixed asset investment in general grew 6.3% on year to Yuan 10.2 trillion ($1.5 trillion) for January-March. A detailed story will be posted soon....


FLASH: CHINA TO CUT MANUFACTURERS' VAT ON APR 1

China's premier Li Keqiang disclosed at the ongoing press conference in Beijing on the morning of March 15that the value-added tax on the domestic manufacturers will be cut to 13% from the present 16% with effect on April 1. A detailed repor...


BHP reviewing Veronica’s affection on iron ore output

BHP clarified in the release that “BHP Port and Rail Operations in Port Hedland, Western Australia, are ramping-up after being suspended due to Tropical Cyclone Veronica. While initial inspections show no major damage to our operations, is...


FLASH: CHINA'S Q1 GDP GROWS 6.4% ON YEAR

China's GDP grew 6.4% on year in the first quarter of 2019, falling in its annual target at 6%-6.5% for the whole 2019. A detailed report will be posted....


China to cut manufacturers’ VAT rates on April 1

The VAT cuts will include reducing the 16% VAT for manufacturers and small and micro enterprises to 13% and the prevailing 10% VAT for the transportation and construction sectors to 9%. Both had been proposed in the “Two Sessions” meetin...


CISA: China’s mid-Mar daily crude steel output up 1%

The rise incrude steel output resulted chiefly from the fact that more than ten blastfurnaces in Northwest China resumed operations in mid-March after completing annualmaintenance, Mysteel notes. At the same time, blast furnaces in North, Ce...


FLASH: CHINA'S Q1 FAI IN PROPERTY UP 11.8% YOY

China's fixed asset investment in the property market went up 11.8% on year to Yuan 2.38trillion ($355 billion) over January-March. A detailed report will be posted soon....