TGViewer
Metals Wire Metals Wire @metalswire · 693 subscribers
Post #1213 192
Morning Bites (part 1)

🔗China’s crude steel output dropped 6% YoY in September, reversing from the 3% YoY growth in August. According to Reuters, more local steel mills cut production after heavy losses, given high raw materials prices and soft demand. Meanwhile, the figure was still +1.7% YoY in 9mo23, which could result in further output cuts MoM in order to keep production below 2022 levels. To recap, China represents ~57% of global crude steel supply

🏢China's property sales dropped a further 20% YoY in September (-24% YoY in August), leaving them 42% below the levels of 2020. Floor space starts were down 15% YoY last month (-23% YoY in August), while personal mortgage loans also shrank 27% YoY (-28% YoY in August). However, property completions grew 24% YoY in September. Despite the stagnation in China’s property sector, new economic stimulus, aimed at infrastructure projects, might add support to local construction activity in 4Q23-2024

#steel #property
https://metals-wire.com:3000/sector/Steel
Open in Telegram All posts from @metalswire
More from @metalswire
  1. Sep 28, 2026Morning Bites 🥉Global mined copper production increased 1.3% YoY in July, vs. the revised…
  2. Sep 25, 2026Morning Bites 🔗Global crude steel output declined 1.2% YoY to 144.2mnt in August, vs. the…
  3. Sep 24, 2026Morning Bites 🇨🇳 The output of power generation equipment in China decreased 3% YoY in A…
  4. Sep 23, 2026Morning Bites 🏭Global primary aluminium output declined 1.7% YoY in August, after the rev…
  5. Sep 22, 2026Morning Bites 🇵🇪 Peru’s copper output rose 4% YoY in July, reversing from the 5% YoY dec…
  6. Sep 21, 2026Morning Bites (part 2) 🔗CISA mills daily crude steel production in early-September rose t…
Threads Profile ViewerView any public Threads profile without an account.Open ThreadLook →Writing with AI? Make it sound human.Metric37 rewrites AI drafts so they read naturally. Free AI detector, 1,500 words free.Try Metric37 →