China

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Exporting countries have almost exhausted EU quotas for the first quarter for some items

Quotas on imports of long products by some countries have actually been selected despite weak consumption in the EU

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Green construction in China will boost domestic demand for green steel

The country sets new targets for carbon emissions reduction and energy saving in the construction industry

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Emissions in China’s steel industry increased by 13% y/y in January-February

Sulphur dioxide emissions per ton of steel amounted to 0.19 kg/t, smoke and dust – 0.20 kg/t, nitrogen oxide – 0.35 kg/t

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Violations in the import of Chinese pipes harm the Spanish industry – Unesid

Industry association estimates losses for the country's economy at €55 million in 2023

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Real estate investment in China decreased by 9% y/y in January-February

The total area of ​​sold commercial real estate decreased by 20.5% y/y

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Global coking coal prices fall significantly in March

Demand for raw materials in the Asian market remains weak

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China’s steel associations call for limiting steel production

In this way, they are trying to stop the rapid decline in prices for finished products

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China increased steel production by 1.6% y/y in January-February

The results exceeded market forecasts. Production was expected to fall amid seasonally low demand

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Three Chinese steelmakers plan to upgrade capacity in 2024

If approved, the plans will add about 1.52 million tons per year of blast furnace capacity and 1.66 million tons per year of EAF capacity

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Iron ore reserves in Chinese ports may grow to 150 million tons in Q2

The dynamics of commodity prices remains weak

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EU extends anti-dumping measures against corrosion-resistant steel from China

The European Commission has decided to maintain the current anti-dumping duties for another five years

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Steel mills in China’s Handan to cut production

These measures are related to the need to reduce environmental pollution

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