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FLASH: CHINA'S Q1 STEEL OUTPUT UP 1.2% YOY

China's crude steel output grew 1.2% year on year to 234 million tonnes for January-March, according to the latest data from the country's National Bureau of Statistics. A detailed report will be posted soon....


India Jan Finished Steel Exports Dip 10% MoM - Govt Data

Amid sharp hike in domestic prices improved demand, mills focussed more in the domestic market. Indian steel mills raised HRC export offers to Vietnam in Jan’20 following hike in domestic steel prices. Thus, buyers in Vietnam preferred co...


MoF raises tax rebates for Chinese exports from March 20

From March 20, China will raise the taxrebates on some 1,084 goods – on everything from concrete to kitchenware butalso including steel – to 13%, and those on another 380 items including plantgrowth regulators to 10%, Mysteel Global lea...


FLASH: CHINA Q1 COAL OUTPUT DIPS 0.5% ON YEAR

Over January-March China’s totalproduction of raw coal for all use declined by 0.5% on year to about 830 million tonnes, and coke output dropped 4.1% on year to about 110 milliontonnes, according to the latest release by the country's Nati...


China Customs to release Jan-Feb data in March since 2020

The changeof practice is to align the data release schedule with that of China’s NationalBureau of Statistics (NBS), the Customs explained briefly in a release on thewebsite.The one-weekChinese New Year holiday usually falls on either Janu...


China’s steel market welcomes tax rebates increase

China’s Ministry of Finance (MoF) announced late on March 17 that it will raise the tax rebates on 1,084 export goods to 13% and on 380 items to 10% from March 20. The central government’s move is to help Chinese foreign trade enterpris...


NBS: China Q1 FAI decline narrows to 16.1% on year

For March alone, the country’s FAI grew 6.1% from February, according to the NBS statistics.Of the total, the funding from the non-state-owned enterprises recorded a 18.8% on-year plunge to Yuan 4.8 trillion for the first quarter, with the...


China's MIIT reviewing steel enterprises' qualification

The review, conductedannually, is the ministry’ core act to keep track of the steel enterprises’ adherenceto related industrial and emission requirements dynamically, and for 2020, MIITwill add 13 into the existing list, removing 7, requ...


FLASH: CHINA’S Q1 COAL IMPORTS UP 28% ON YEAR

China’s imports of coal of all kinds increased by 28.4% on year to 95.8 million tonnes over January-March. A detailed report will be posted soon....


NBS: China’s Q1 GDP falls 1st time since 1992 by 6.8%

China commenced the yearly GDP figures since 1952, which had sustained positive annual growths over 1977-2019, Mysteel Global noted from the NBS data.Despite the first quarterly decline in the country’s GDP, NBS expressed its satisfaction...