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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....


FLASH: VALE ONE STEP CLOSER TO RESUME BRUCUTU

Vale has received the court ruling, allowing the mining company to resume the activities atthe Laranjeiras tailings dam and the Brucutu mine, but the final decision lies with the Environment and Sustainable Development to honor the ruling, a...


CISA: China’s late-Mar daily steel output down 3.6%

China’s March crude steel output among the major producers were with modest fluctuation amid the ongoing winter restrictionsin many parts of China together with the frequent emergency curbs with stricter control whenever air quality worsen...


FLASH: CHINA'S Q1 STEEL OUTPUT UP 9.9% YOY

China's crude steel output grew 9.9% year on year to 231 million tonnes for January-March. A detailed report will be posted soon....


DCE iron ore drops 5% on Vale’s Brucutu mine news

The DCE’s May 2019 delivery contract for iron ore closed at Yuan 604.5/dmt ($90/dmt) when the daytime trading session ended for March 20, lower by Yuan 31.5/dmt on day.One day before, Vale announced that it had received the local court's p...


China’s Shagang raises steel scrap buying price by $12/t

This has been the second scrap price rise since this year by Shagang and the first time after Beijing has reduced the VATs on all the steel and raw material prices by three percentage points to 13% since April 1, and now, Shagang is paying Y...


FLASH: CHINA Q1 COAL OUTPUT UP 0.4%, COKE UP 7.3%

Over January-March,China’s output of raw coal edged up 0.4% onyear to 812.6 million tonnes, and the coke output increased7.3% on year to 112.2 million tonnes. A detailed report will be postedsoon....