News
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China’s busiest port hits record 1.2 bln tonnes of cargo throughput
The annual cargo throughput of China’s busiest port, the Port of Ningbo Zhoushan in the eastern province of Zhejiang, reached a record high of 1.2 billion tonnes in 2021, up 4.4 percent year on year, the provincial port and navigation management center said Friday. The port has held the wor...Read more -
China’s steel output declines in 2021
China’s steel output declined in 2021 amid the country’s endeavor to achieve carbon peaking and carbon neutrality goals. The country produced an estimate of 1.03 billion tonnes of steel last year, down 35 million tonnes from 2020, said the China Iron and Steel Association on Monday. I...Read more -
China releases measures to keep foreign trade stable
China on Tuesday unveiled new guidelines to ease pressures on foreign trade companies and keep the country’s exports and imports stable. The country will further open up the economy and carry out cross-cyclical adjustments to support medium, small and micro-sized foreign trade companies, an...Read more -
Economic Watch: China’s industrial profits maintain rapid growth in first 11 months
Profits of China’s major industrial firms continued rapid growth in the first 11 months of 2021, the latest signal that the country’s economy is set to finish the pandemic-hit year on a strong note. Industrial firms with annual business revenues of at least 20 million yuan (about 3.14...Read more -
China’s cargo, container throughput see steady growth in Jan.-Nov.
Cargo and container throughput at China’s ports registered stable growth in the first 11 months of the year, data from the Ministry of Transport showed. From January to November, cargo throughput at China’s ports totaled 14.21 billion tonnes, up 7.2 percent year on year, according to ...Read more -
Container throughput of China’s Tianjin port hits record
North China’s Tianjin Port has handled more than 20 million 20-foot equivalent unit (TEU) containers so far this year, a landmark in its history, the port’s operator said. The record annual container throughput indicated that the container business in Tianjin Port has achieved leap-fo...Read more -
China 2022 crude steel output seen slipping, says report
An employee works at a crude steel production factory in Lianyungang, Jiangsu province, on Oct 2, 2021. China’s total crude steel output is estimated to reach 1.017 billion metric tons next year, down 2.2 percent year-on-year, a report released by the China Metallurgical Industry Planning...Read more -
EU Duties Will Disrupt Fastener Supply Chain
On 14th December the European Commission disclosed its additional conclusions for the AD676 anti- dumping investigation, which included only a small reduction of duty rates previously calculated of between 1.8% to 3.3% – based on the downward revision of the benchmark used to calcul...Read more -
Fastener Distributor Index Improves as Concerns Shift Toward Labor
While the FDI trended positive for a second straight month, its six-month outlook continued to slide amid supply chain and labor issues. FCH Sourcing Network reported its Fastener Distributor Index (FDI) for the month of November on Dec. 6, led by second-straight month of improvement despite ongo...Read more -
China’s manufacturing PMI up to 50.1 in Nov, back in expansion
The official purchasing managers index for China’s manufacturing sector increased to 50.1 in November from 49.2 in October, marking a four-month high and indicating accelerated activities in the sector, the National Bureau of Statistics said on Tuesday. The PMI has returned into the expansi...Read more -
China-Russia trade in goods hit record high in first 10 months
A staff member works at the Yongqing compressor station of the Changling-Yongqing section of the China-Russia east-route natural gas pipeline in Yongqing county, North China’s Hebei province, Dec 3, 2020. Trade between China and Russia saw robust growth this year, with bilateral trade in go...Read more -
EU announces intention to apply anti-dumping duties
On 16th November the European Commission published to interested parties its General Final Disclosure Document for the AD676 case on imports of certain iron or steel fasteners in the People’s Republic of China. Fastener + Fixing Magazine has been sent the document, from an unnamed source, ...Read more