TGViewer
Metals Wire Metals Wire @metalswire · 694 subscribers
Post #2337 107
Morning Bites (part 2)

🏗China’s excavator sales rose 8% YoY in October (domestic + export), decelerating from the +25% YoY in September, per CCMA data. Specifically, domestic sales were slightly up, by 2% YoY (-33% vs. the same period in 2021)

In our view, the ongoing recovery in Chinese excavator sales, recorded since mid-2024, indicates that local construction activity is gradually bottoming out. Meanwhile, Beijing plans to cut 'excessive' steel output in 2025-26 (up to 5% of China’s 2024 supply, per market estimates). These factors might cool surging Chinese steel exports, and support global steel prices in 2026, in our view

#steel
Open in Telegram All posts from @metalswire
More from @metalswire
  1. Sep 25, 2026Morning Bites 🔗Global crude steel output declined 1.2% YoY to 144.2mnt in August, vs. the…
  2. Sep 24, 2026Morning Bites 🇨🇳 The output of power generation equipment in China decreased 3% YoY in A…
  3. Sep 23, 2026Morning Bites 🏭Global primary aluminium output declined 1.7% YoY in August, after the rev…
  4. Sep 22, 2026Morning Bites 🇵🇪 Peru’s copper output rose 4% YoY in July, reversing from the 5% YoY dec…
  5. Sep 21, 2026Morning Bites (part 2) 🔗CISA mills daily crude steel production in early-September rose t…
  6. Sep 21, 2026Morning Bites (part 1) 💍Signet has reported 2.2% YoY growth in same-store sales for 2Q26…
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 →