China Crude Steel Output Increased By 9.3% Year-On-Year In August

According to data from the National Development and Reform Commission, in August, the country's crude steel output was 87.25 million tons, up 9.3% year-on-year, and the growth rate was up 6.6 percentage points year-on-year; steel output was 106.39 million tons, up 9.8%, up 3.4 percentage points. The export of steel products was 5.01 million tons (customs statistics), which was 560,000 tons less than that of the previous month; the import was 970,000 tons, an increase of 130,000 tons from the previous month. The import of iron ore was 94.85 million tons, an increase of 3.83 million tons from the previous month.
From January to August, the national crude steel output was 664.87 million tons, an increase of 9.1% year-on-year, and the growth rate increased by 3.3 percentage points year-on-year; the steel output was 803.67 million tons, an increase of 11%, an increase of 3.9 percentage points. Steel exports were 44.97 million tons (customs statistics), down 4.4% year-on-year; imports were 7.64 million tons, down 12.8%. Iron ore imports were 685.85 million tons, down 3.5%.
In August, the domestic market steel price composite index averaged 106.85 points, down 3.05 points from the previous month and down 13.71 points year-on-year.

Domestic oil price or increase on the first working day after National Day holiday
At 24 o'clock today (8th), the domestic refined oil price adjustment window will be opened again. According to the analysis of the organization, during the current round of price adjustment, the domestically measured crude oil change rate showed an upward trend, and it was always in a positive range, and the domestic refined oil price was “three consecutive rises”.

China plans to build 127 key railway special projects
Recently, it was learned from the National Development and Reform Commission of China that by 2020, China will plan to build 127 key railway special projects with a total length of 1,586 kilometers.
From January to August, the three major shipbuilding indicators in the country increased by two.
From January to August 2019, China's shipbuilding completions continued to grow, and new orders and orders for hand-held ships declined year-on-year. Key economic indicators such as key industrial enterprises' output value will continue to grow.
From January to August, the nation's shipbuilding completed 25.94 million deadweight tons, an increase of 6.7%. The orders for new ships were 15.72 million DWT, a year-on-year decrease of 37.9%. At the end of August, the number of hand-held ships was 79.09 million DWT, a year-on-year decrease of 10.4%, down 11.4% from the end of 2018.