TGViewer
Metals Wire Metals Wire @metalswire · 694 subscribers
Post #1852 204
Morning Bites (part 2)

🏗China’s excavator sales rose 15% YoY in October (domestic + export), following the 11% YoY growth in September, according to the CCMA data. The figure also outpaced the CME estimates (+10% YoY). Domestic sales grew 9% YoY (but were still -34% vs. October 2021), which underpins the statement from China’s Housing Minister Ni Hong that the local property sector has started to bottom out gradually

In our view, the YTD announced economic stimulus in China is likely to offer some support for the demand for industrial metals in 2025. However, more action is still required for a full-scale recovery in local construction activity

China accounts for 52% of global steel consumption, and for 57% and 61% of world Cu and Al demand, respectively

#steel
https://metals-wire.com/sector/Steel
Open in Telegram All posts from @metalswire
More from @metalswire
  1. Sep 29, 2026Morning Bites 🔗CISA mills daily crude steel production in mid-September inched down to 1.…
  2. Sep 28, 2026Morning Bites 🥉Global mined copper production increased 1.3% YoY in July, vs. the revised…
  3. Sep 25, 2026Morning Bites 🔗Global crude steel output declined 1.2% YoY to 144.2mnt in August, vs. the…
  4. Sep 24, 2026Morning Bites 🇨🇳 The output of power generation equipment in China decreased 3% YoY in A…
  5. Sep 23, 2026Morning Bites 🏭Global primary aluminium output declined 1.7% YoY in August, after the rev…
  6. Sep 22, 2026Morning Bites 🇵🇪 Peru’s copper output rose 4% YoY in July, reversing from the 5% YoY dec…
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 →