Yingxing's Diary

Yingxing's Diary

Yingxing Industry Diary

[Industry Analysis] The November steel PMI came in at 48%: Industry operations have slowed somewhat, and the characteristics of the off-season are gradually becoming more apparent.

According to the steel industry PMI survey and release by the Specialized Committee on Steel Logistics of the China Federation of Logistics and Purchasing, the index for November 2025 stood at 48%, down 1.2 percentage points from the previous month, indicating a slight slowdown in industry operations. The changes in individual sub-indices show that steel demand has slightly rebounded, while steel mill production has slowed somewhat, inventory levels have begun to decline, raw material prices remain high, and steel prices have experienced minor fluctuations. Overall, the industry’s off-season characteristics are gradually becoming more apparent. It is expected that in December, steel demand will likely remain stable with a downward trend, steel mill production will contract moderately, raw material prices will ease from their high levels, and steel prices will stabilize amid fluctuating movements.

2025-11-29

Yingxing Industry Diary

[Industry News] To Promote Structural Optimization and Upgrading, the China Iron and Steel Association Calls for Balanced Development Focusing on Both Quality and Efficiency in the Industry.

On October 31, the China Iron and Steel Association (hereinafter referred to as “CISA”) held its third-quarter information briefing. Attending the briefing were Jiang Wei, Deputy Secretary of the CISA Party Committee, Vice President and Secretary-General, and Spokesperson; Shi Hongwei, Deputy Secretary-General and Director of the Market Research Department; Huang Dao, Deputy Chief Engineer; Jiang Xiaodong, Deputy Secretary-General and Director of the Industry Operations Department; and Wang Bin, Director of the Planning and Development Department. Jiang Wei delivered a report titled “Maintaining Supply-Demand Balance, Enhancing Quality and Efficiency, and Promoting Stable Operation and Structural Optimization and Upgrading of the Iron and Steel Industry,” covering the industry’s performance in the first three quarters, the current situation facing the industry, achievements made in high-quality development during the 14th Five-Year Plan period, and key areas of focus for the coming period.

2025-10-31

Yingxing Industry Diary

[Industry Analysis] Analysis of China’s Passenger Vehicle Market for Auto Exports from January to September 2025

From January to September 2025, China's auto exports continued their growth trend. Among them, passenger vehicles—being the mainstay of exports—have demonstrated outstanding performance in terms of export volume, market layout, and powertrain structure, while also facing challenges posed by fluctuations in certain markets. Based on China's auto export market data from January to September 2025, this article conducts a comprehensive analysis focusing on the overall trends, structural characteristics, regional distribution, and performance of specific sub-categories within passenger vehicle exports.

2025-10-28

Yingxing Industry Diary

Quick Look | Weekly Industry News Roundup (Oct. 13–Oct. 19)

On October 20, the National Bureau of Statistics released data showing that, according to preliminary calculations, China’s GDP for the first three quarters of 2025 totaled 101,503.6 billion yuan, representing a year-on-year increase of 5.2% at constant prices. Economic performance during the first three quarters remained stable with steady progress, and high-quality development has achieved positive results. By sector, the value added of the primary industry reached 5,806.1 billion yuan, up 3.8% year-on-year; the value added of the secondary industry reached 36,402 billion yuan, an increase of 4.9%; and the value added of the tertiary industry reached 59,295.5 billion yuan, up 5.4%.

2025-10-20

Yingxing Industry Diary

[Industry Analysis] The wire and cable industry is poised for steady growth: With a CAGR of 4.0% over the next few years, its market potential is evident.

In the steel industry, wire rod—a key product—often referred to as "coil bars" because it is delivered in coiled form, typically refers to small-diameter round steel bars wound into coils. The diameter of coil bars generally ranges from 5 to 19 mm, with 6 to 9 mm being the most common. The lower limit of their diameter corresponds to the minimum cross-sectional dimension of hot-rolled steel products. In terms of commercial form, coil bars are usually supplied in coiled packages. In the construction sector, coil bars with diameters of 6, 8, 10, and 12 millimeters are particularly prevalent, and they are predominantly made of low-carbon steel. However, coil bars are generally not used as main reinforcement in reinforced concrete structures; instead, they are more commonly employed for manufacturing rebar sleeves. Additionally, smaller-diameter coil bars may be used in brick-concrete structures as "brick-reinforcing bars."

2025-09-29

Yingxing Industry Diary

【Macroeconomics】In the first half of 2025, China’s GDP totaled 66,053.6 billion yuan, representing a year-on-year increase of 5.3%.

In the first half of the year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, all regions and departments earnestly implemented the decisions and deployments of the Party Central Committee and the State Council, adhered to the general tone of seeking progress while maintaining stability, fully, accurately, and comprehensively implemented the new development philosophy, accelerated the establishment of a new development pattern, coordinated domestic economic work with international economic and trade struggles, and effectively carried out more proactive and effective macro policies. As a result, the national economy withstood pressure and rose to challenges, with overall economic performance remaining stable and showing steady improvement. Production and demand grew steadily, the employment situation remained generally stable, residents’ incomes continued to rise, new growth drivers expanded and strengthened, high-quality development achieved new progress, and the overall social situation remained stable.

2025-07-16

Yingxing Industry Diary

[Industry News] China's Fastener Export Situation from January to March 2025

From January to March 2025, China’s exports of fasteners totaled 1,431,087 tons, an increase of 215,101 tons, or 17.8%, compared to the same period last year. The value of these exports reached 27,387.18 million U.S. dollars, up by 198.859 million U.S. dollars, or 8.2%, year-on-year. In March 2025, China’s exports of fasteners amounted to 498,613 tons, with a total export value of 99,660.2 million U.S. dollars.

2025-05-29

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