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China Is Disintegrating: Steel Demand, Property Sales, Traffic All Approaching Zero

China Is Disintegrating: Steel Demand, Property Sales, Traffic All Approaching Zero .....»»

Category: blogSource: zerohedgeFeb 14th, 2020

China 2019 crude steel output jumps 8.3%, sets second straight annual record

Crude steel production in China climbed to a record just shy of 1 billion tonnes in 2019, boosted by a resilient property market and robust demand as Beijing beefed up infrastructure spending in a bid to weather a slowdown in economic growth......»»

Category: topSource: reutersJan 17th, 2020

Hot-rolled mess: China"s steelmakers hit the skids as car sales slow

China's steel mills may have taken a wrong turn by adding millions of tonnes of new high-end capacity just as the country's car sector, a key steel consumer, undergoes its first contraction in decades, cutting metal demand......»»

Category: topSource: reutersFeb 27th, 2019

Adidas sales plunge 85% in China as coronavirus ravages demand

Getty/Marco Bertorello Adidas is seeing its sales suffer due to the Wuhan coronavirus in Greater China. The German sportswear giant's sales in the region are down 85% since Janu.....»»

Category: topSource: businessinsiderFeb 19th, 2020

Dow, S&P 500 hurt by Apple warning

Investors pushed the Dow and S&P 500 lower after Apple warned sales will underwhelm due to the impact of the coronavirus outbreak on store traffic and production in China. Conway G. Gittens has the daily market round-up......»»

Category: videoSource: reutersFeb 18th, 2020

Alibaba beats estimates on record Singles" Day sales

China's Alibaba Group Holding Ltd beat analysts' estimates for quarterly results on Thursday, driven by record sales during its annual Singles' Day shopping blitz and demand for its cloud computing business......»»

Category: topSource: reutersFeb 13th, 2020

Global handset sales still face steep fall even if outbreak can be contained by June

China's coronavirus outbreak is set to have far-reaching impacts on the global IT industry and could undermine global demand to a great extent if related supply chains are cut off, according to Colley Hwang, president of Digitimes......»»

Category: topSource: digitimesFeb 12th, 2020

L"Oreal CEO says coronavirus will hamper sales in coming weeks

L'Oreal CEO Jean-Paul Agon said on Friday that the French cosmetics company had a good January in China but that the spread of the coronavirus would have an impact on demand in the coming weeks......»»

Category: topSource: reutersFeb 7th, 2020

MediaTek 1Q20 sales likely to fall 15%

MediaTek is likely to post a revenue decline of as much as 15% sequentially in the first quarter of 2020, due mainly to a collapse in demand from China's handset market, according to market sources......»»

Category: topSource: digitimesFeb 6th, 2020

Mitsui CFO: China virus outbreak may slow manufacturing activities of autos and others

Japanese trading house Mitsui & Co Ltd sees China's outbreak of a new coronavirus may slow manufacturing activities in automobile and other sectors, and possibly reduce steel product demand, the company's executive said on Tuesday......»»

Category: topSource: reutersFeb 4th, 2020

Apple iPhone back to growth after a year"s slump; China virus adds uncertainty

Apple Inc on Tuesday reported sales and profits for the holiday shopping quarter above Wall Street expectations, powered by a rise in iPhone sales for the first time in a year and soaring demand for add-ons like AirPods wireless headphones......»»

Category: topSource: reutersJan 28th, 2020

Apple iPhone demand fuels record holiday sales, but coronavirus fears loom

Apple reported earnings as China, one of its crucial international markets, contends with an outbreak of deadly coronavirus......»»

Category: topSource: foxnewsJan 28th, 2020

China"s 2019 property investment solid, but first sales drop in 5 years dents outlook

China's property investment hit a two-year low in December even as it grew at a solid pace in 2019, adding to recent signs of a slackening in the sector and suggested Beijing might need to offer more stimulus to stabilize a cooling economy......»»

Category: topSource: reutersJan 17th, 2020

China"s 2019 iron ore imports rise to second-highest ever

China's iron ore imports rose 0.47% in 2019 to hover just below their all-time annual peak, fueled by strong demand at steel mills and a second-half recovery in shipments from big miners after disruptions earlier in the year......»»

Category: topSource: reutersJan 14th, 2020

China"s 2019 iron ore imports edge up to second-highest on record

China's iron ore imports rose 0.47% in 2019 to hover just below their all-time annual peak, fueled by strong demand at steel mills and a second-half recovery in shipments from big miners after disruptions earlier in the year......»»

Category: topSource: reutersJan 14th, 2020

Soft Demand, China Mar Outlook of Steel Producers Industry

Zacks.....»»

Category: topSource: redinewsJan 13th, 2020

Ford"s China vehicle sales drop 26% in third straight year of decline

Ford Motor Co's China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles......»»

Category: topSource: reutersJan 13th, 2020

Ford"s vehicle sales in China tumble for third consecutive year

Ford Motor Co's China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles......»»

Category: topSource: reutersJan 12th, 2020

What auto slump? BMW sees another record year for car sales

BMW AG said last year was a record for car sales and 2020 could be better still as the German company looks to shrug off a sluggish European market and slumping demand in China......»»

Category: topSource: moneycentralJan 8th, 2020

Louis Vuitton to close Hong Kong shop as protests bite: report

Louis Vuitton, the world's biggest luxury goods brand by sales, is preparing to shut one of its shops in Hong Kong where protests have hit demand as high rental costs bite, the South China Morning Post newspaper reported on Friday......»»

Category: topSource: reutersJan 3rd, 2020

China"s November industrial profits rebound, but soft demand still a risk

Profits at China's industrial firms in November grew at the fastest pace in eight months, breaking a three-month declining streak, as production and sales quickened, but broad weakness in domestic demand remains a risk for earnings next year......»»

Category: topSource: reutersDec 26th, 2019