Coal inventory drops at six major Chinese power supply companies

August19,2011 | By steelorbis

Coal inventory has indicated a rapid decline at six major power supply companies in China, namely, Zhejiang Provincial Energy Group, Shanghai Electric Power Generation Group, Guangdong Yudean Jinghai Power Generation, China Guodian Group, China Huaneng Group, and China Datang Group. As of August 11, aggregate coal inventory at the companies in question showed a month-on-month decline of 1.31 million mt, falling to 11.23 million mt.

Meanwhile, the price of coal at the eastern Chinese port of Qinghuangdao has declined for six weeks in succession. As of August 12, at Qinghuangdao port the prices of Datong gifted mixed coal (6,000 kcal), Shanxi excellent mixed coal (5,500 kcal) and Shanxi common mixed coal (5,000 kcal) stood at RMB 875/mt ($137.15/mt), RMB 825/mt ($129.31/mt) and RMB 725/mt ($113.64/mt) respectively, down by RMB 5/mt ($0.78/mt), RMB 10/mt ($ 1.57/mt) and RMB 5/mt ($0.78/mt) as compared to last week's prices.

Chinese raw iron ore output totals 116.96 million mt in July

August12,2011

According to the National Bureau of Statistics of China, in July this year raw iron ore production in China totaled 116.96 million mt, indicating a month-on-month decrease of 5.7 percent and a year-on-year increase of 21.7 percent. Meanwhile, in the January-July period of this year raw iron ore production in China totaled 691.918 million mt, a year-on-year increase of 21.9 percent.

In July of the current year, coking coal production in China totaled 37.207 million mt, with a month-on-month decrease of two percent and a year-on-year increase of 19.8 percent. In the January-July period of this year, domestic coking coal production totaled 24.7564 million mt, showing a year-on-year increase of 12.8 percent.

Japan’s January stainless steel exports fall 17.3 percent from December

Thu, 10 March 2011 14:20:09 (GMT+2)

According to the data issued by the Japan Iron and Steel Federation (JISF), in January this year Japan's stainless steel exports amounted to 93,842 mt, registering a decrease of 17.3 percent compared to December 2010, but a 9.2 percent increase compared to January 2010.

Regarding Japan's major stainless steel export markets, in January of the current year the country's stainless steel exports to China totaled 13,268 mt, down 40.2 percent; exports to South Korea rose 17 percent and reached 20,412 mt; the export volume to Taiwan reached 10,803, down 28.2 percent; exports to the US totaled 5,559 mt, decreasing by 18.6 percent; while exports to Thailand came to 10,450 mt, falling by 40.9 percent - all on month-on-month basis.

Meanwhile, Japan's stainless steel imports in January amounted to 13,228 mt - down 12.4 percent month on month and 1.5 percent year on year.

Tags: stainless , stainless , Korea S. , Far East , North America , Southeast Asia , imp/exp statistics , steelmaking , East Asia and Pacific, USA , China , Japan , Thailand , Taiwan

US imports 2,048,000 nt of steel in January

Thursday, 24 February 2011

The American Iron and Steel Institute (AISI) announced Wednesday that based on preliminary US Census Bureau data, the US imported 2,048,000 net tons (nt) of steel in January, including 1,632,000 nt of finished steel, up 10 and 8 percent, respectively, from December data. Import market share for finished steel products was approximately 21 percent last month, up 1 percent from December.

The most significant month-over-month increases of imported finished steel products are reinforcing bar (up 44 percent), wire rod (up 34 percent), as well as standard pipe (up 38 percent), line pipe (up 34 percent), and oil country goods (up 24 percent).

The largest volumes of finished steel imports from offshore were from South Korea (213,000 nt and up 9 percent), Japan (126,000 nt up 23 percent), Germany (78,000 nt and up 20 percent) and Australia (74,000 nt and up78 percent).

Tags: rebar , wire rod , pipe , longs , tubular , USA , Germany , Australia , Japan , Korea S. , Oceania , Europe , Far East , North America , imp/exp statistics , trading , East Asia and Pacific , European Union