China

Tariff war: the first major agreement and the EU’s push

In May, the US signed a trade deal with Britain, Trump promised and postponed 50 percent tariffs for the EU

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Emissions in China’s steel industry increased by 18.3% y/y in April

Energy consumption in the industry increased by 0.5% y/y during the month

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China reduced iron ore production by 12% y/y in January-April

In April, the country's production of this raw material amounted to 84.7 million tons

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China reduced steel production by 7% m/m in April

The results contradict analysts' expectations, although they still remain quite high

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Baosteel maintains current flat steel prices for June sales

The company has been applying this strategy for the third month in a row

The US and China agree to mutually reduce tariffs for 90 days

The parties will continue discussing economic and trade relations

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China increased steel exports by 13.4% y/y in April

The indicator reached its highest level since September 2015

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China continues efforts to regulate steel production

The industry association recommends switching from capacity expansion to quality growth

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EU considers increasing purchases from the US by €50 billion

China is evaluating the possibility of negotiations, and Japan aims to reach a trade agreement in June

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Baosteel plans to produce 52.6 million tons of steel in 2025

The company expects a nationwide decline in steel production this year

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Emissions in China’s steel industry increased by 9.7% y/y in March

Energy consumption in the industry increased by 2.1% y/y during the month

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China will continue to build coal-fired power plants until 2027

Facilities will be built in regions where they are needed

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