TGViewer
Metals Wire Metals Wire @metalswire · 693 subscribers
Post #2150 146
Morning Bites

🏗China’s excavator sales rose 13% YoY in June (domestic + export), accelerating from the +2% YoY in May, according to CCMA data. Specifically, domestic sales were up 6% YoY (still -52% vs. the same period in 2021)

In our view, new Chinese fiscal stimulus in 2H25 (in addition to the recently announced package), if it materialises, would spur a recovery of the local real estate sector, which started to gradually bottom out in 2H24, we believe. Furthermore, Beijing plans to cut 'excessive' steel output in 2025 (up to 2-5% of China’s 2024 supply, per market estimates). Overall, these measures might cool surging Chinese steel exports, and support global steel prices in late-2025 or 2026, in our view

#steel
  • ❤ 1
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 →