TGViewer
Metals Wire Metals Wire @metalswire · 693 subscribers
Post #1928 167
Morning Bites (part 1)

🔗China’s crude steel output jumped 12% YoY in December (from a low base) vs. 3% YoY gain in November, per NBS data. Meanwhile, the total figure for 2024 decreased 2% YoY. According to Reuters, China's steel output has been on a trending lower after peaking at 1.065bnt in 2020, given the downturn in the steel-intensive property sector. Specifically, local steel consumption decreased 4.4% YoY in 2024

🏢China's property sales stood flat YoY in December, after the 3% YoY gain in November, and were down 47% vs. December 2021. Overall sales in 2024 were lower 13% YoY, and 46% less than 2021. Meanwhile, floor space starts declined a further 17% YoY in December (-23% YoY in 2024, - 63% vs. 2021). Personal mortgage loans jumped 16% YoY in December (-27% YoY in 2024, -52% vs. 2021), while property completions fell 26% YoY (-26% YoY in 2024, -27% vs. 2021)

More stimulus is needed for full-scale recovery, we believe

#steel #property
https://metals-wire.com/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 →