The steel downstream enterprises resumed the production slowly post the Chinese New Year (CNY). Most enterprises gradually resumed the operation in late February. The demand will rise in March. As of February 28, more than 70% of the enterprises in SMM sample resumed work, and the overall production is expected to return to normal in March.

In January, all departments in all regions are urged to continue to ensure ample supply of important livelihood commodities before the Spring Festival, ensuring consumer price generally stable.

According to preliminary estimates, the gross domestic product (GDP) was 114,367.0 billion yuan in 2021, an increase of 8.1 percent over the previous year at constant prices with the average two-year growth of 5.1 percent. By quarter, the GDP for the first quarter went up by 18.3 percent year on year, up by 7.9 percent for the second quarter, 4.9 percent for the third quarter and 4.0 percent for the fourth quarter. By industries, the value added of the primary industry was 8,308.6 billion yuan, up by 7.1 percent over the previous year, that of the secondary industry was 45,090.4 billion yuan, up by 8.2 percent and that of the tertiary industry was 60,968.0 billion yuan, up by 8.2 percent.

This is a roundup of news in the steel industry for last week.

Kaisa, a Chinese real estate company, encountered a liquidity crisis, which dragged down the Chinese real estate stocks in HKEX this morning.

In response to the recent hot events in the real estate industry, many Chinese regulatory agencies have recently intensively spoken out on different occasions.

The number of new and second-hand home units sold in core cities fell in September both month-on-month (MoM) and year-on-year (YoY).

China’s price increases of industrial products have both expanded month on month and year on year in August due to the higher prices of coal, chemicals, steel and other products.