China News — GMK Center

China’s Jingye is seeking compensation from the UK over the takeover of British Steel

Masha Malonog — Fri, 12 Jun 2026 07:14:59 +0000

The Chinese owner of British Steel has initiated formal proceedings to seek compensation from the UK government following the decision to nationalise the steelworks in Scunthorpe, according to The Guardian. Jingye Steel has stated that it will seek compensation under the bilateral investment treaty between China and the UK following more than a year of […]

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Baosteel has kept domestic prices for flat steel products unchanged for July sales

Masha Malonog — Thu, 11 Jun 2026 10:39:43 +0000

Baoshan Iron & Steel (Baosteel), a subsidiary of the world’s leading steel producer China Baowu Steel Group, has kept prices for most flat steel products, including hot-rolled coil (HRC), unchanged for domestic sales in July. This was reported by MySteel, citing the company’s announcement. The exception is grain-oriented electrical steel — the company has raised […]

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China’s rolled steel exports fell by 8.1% y/y a five-month period

Masha Malonog — Tue, 09 Jun 2026 12:53:54 +0000

Exports of rolled steel from China in January–May 2026 fell by 8.1% year-on-year – to 44.6 million tonnes. The decline was expected following the introduction of export licences in January 2026, which had a negative impact on steel shipments abroad. This was reported by SteelOrbis, citing data from the General Administration of Customs of China […]

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Global rebar prices rose by 0–6% m/m in May

Masha Malonog — Tue, 09 Jun 2026 11:43:38 +0000

In May, global rebar prices rose across all key markets by between 0% and 6% month-on-month. Turkey saw the weakest performance, with the average price there rising by just 0.1%. The largest increase was recorded in Italy, at 6% month-on-month. Turkey In May, the Turkish rebar market remained largely stable. Throughout the month, prices held […]

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Ore shipments from Simandou could exceed 20 million tonnes in 2026

Masha Malonog — Tue, 09 Jun 2026 11:32:56 +0000

The Simandou iron ore mining project in Guinea (West Africa) has seen a sharp rise in shipment volumes. The first ore-laden vessel set sail for China in November 2025, and by mid-May 2026, total exports had reached around 6 million tonnes. China accounted for more than half of this volume – around 3.2 million tonnes. […]

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Baosteel invested 3.2 billion yuan in energy conservation and decarbonisation in 2025

Masha Malonog — Tue, 09 Jun 2026 10:17:45 +0000

Chinese steel producer Baoshan Iron & Steel (Baosteel) invested 3.2 billion yuan ($0.47 billion) in energy-saving and low-carbon initiatives last year. This was reported by Yieh, citing the company’s 2025 sustainability report. Thanks to a comprehensive package of measures, including technological modernisation, process optimisation and the switch to ‘green’ electricity, Baosteel achieved an annual reduction […]

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Global prices for coking coal rose at the end of May

Masha Malonog — Sat, 06 Jun 2026 07:05:10 +0000

Global coking coal prices rose at the end of May: market trends were altered by a fatal accident at a mine in China’s Shanxi province. According to Kallanish, the price of high-quality coking coal FOB Australia stood at $239.4/t as of 29 May 2026, compared to $236.7/t a week earlier (22 May). Spot prices for […]

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China is demanding a thorough analysis of a new shipment of iron ore from Fortescue

Masha Malonog — Wed, 03 Jun 2026 08:18:07 +0000

The Chinese state-owned company China Mineral Resources Group Co. (CMRG) has instructed certain steel mills that consume significant volumes of raw materials from Australia’s Fortescue to approach the supplier with inquiries regarding its new low-grade product, Fortune Fines (with a 55% iron content). This was reported by Bloomberg. The reason for this move is that […]

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China is negotiating with the EU regarding the bloc’s new restrictions on steel imports

Masha Malonog — Fri, 29 May 2026 07:15:52 +0000

China is negotiating with the European Union within the framework of the World Trade Organization regarding the bloc’s new steel import restrictions scheduled to take effect on July 1. This was stated by He Yadong, a spokesperson for the Chinese Ministry of Commerce, according to the Global Times. According to him, the EU’s actions are […]

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Ukraine has extended anti-dumping measures on imports of seamless pipes from China

Masha Malonog — Thu, 28 May 2026 08:49:17 +0000

The Interdepartmental Commission on International Trade (ICIT) has extended the anti-dumping measures on imports into Ukraine of seamless hot-rolled steel pipes originating in the People’s Republic of China for another five years. This is stated in a report by “Uryadovy Courier,” The decision took effect on the date of publication of the notice—May 26 of […]

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China’s stainless steel exports fell by 28.5% y/y in January–April

Masha Malonog — Thu, 28 May 2026 07:39:09 +0000

In January–April 2026, China reduced its stainless steel exports by 28.5% year-on-year, to 1.19 million tons. This was reported by SteelOrbis, citing the country’s customs authorities. At the same time, imports of this product during the period decreased by 7.8% to 545,700 tons. In April alone, China exported 394,300 tons of stainless steel, which is […]

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Five EU countries are calling for the bloc to strengthen its trade defenses

Masha Malonog — Wed, 27 May 2026 09:13:42 +0000

Five EU countries—France, Italy, Spain, the Netherlands, and Lithuania—are calling for the bloc to strengthen its trade measures to provide more effective protection against cheap imports that threaten EU industry, with Chinese goods in mind. This was reported by Reuters. The initiative came ahead of internal debates within the European Commission regarding relations with China, […]

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Emissions from China’s steel industry fell by 8.2% y/y in April

Masha Malonog — Wed, 27 May 2026 03:26:58 +0000

In April 2026, Chinese steel mills that are members of the CISA industry association reduced their total exhaust gas emissions by 8.19% compared to the same month in 2025. This is according to data from the association. Emissions of major pollutants in the exhaust gases also showed a significant decrease. Specifically, sulfur dioxide emissions fell […]

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China increased exports of semi-finished products by 47.8% y/y in January–April

Masha Malonog — Tue, 26 May 2026 02:54:18 +0000

In January–April, China increased its exports of semi-finished steel products by 47.77% year-on-year, reaching 4.94 million tons. This is according to data from the country’s customs authorities, as reported by SteelOrbis. In April alone, the figure stood at 1.64 million tons, which is 7.3% more than in March and 109.03% more than in April 2025, […]

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CISA forecasts pressure on China’s steel market in the near term

Masha Malonog — Fri, 22 May 2026 09:45:12 +0000

The steel market in China will remain under pressure due to high raw material prices and the upcoming summer lull in demand, despite the fact that domestic prices for steel products have continued to rise since the second half of April. This is stated in the monthly report by the China Iron and Steel Association […]

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China reduced iron ore production by 1% y/y in January–April

Masha Malonog — Thu, 21 May 2026 12:08:05 +0000

In January–April of this year, China reduced its iron ore production by 1% year-over-year to 326.78 million tons, according to SteelOrbis, citing China’s National Bureau of Statistics (NBS). In April alone, the country’s production of this raw material amounted to 82.84 million tons, which is 3.5% less year-on-year but 4% more compared to the previous […]

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Global prices for coking coal rose in mid-May

Masha Malonog — Wed, 20 May 2026 13:10:34 +0000

Global coking coal prices rose in mid-May. According to Kallanish, the price of high-quality coking coal FOB Australia stood at $240.2/t as of May 15, 2026, up slightly from the previous week ($238.9/t on May 8). Spot prices for coking coal in China (EXW, Anze) on the same date stood at $238.8/t, compared to $233.8/t […]

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China has unveiled a stricter plan for the exchange of steel production capacity

Masha Malonog — Tue, 19 May 2026 10:25:23 +0000

China has released a stricter plan for the exchange of steel production capacity, according to Reuters. According to a statement from the country’s Ministry of Industry, the nationwide capacity replacement ratio for pig iron and steel production must not be less than 1.5:1, in line with a draft proposal published last October. As noted by […]

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Hebei will certify more than 20 types of green steel by 2026

Masha Malonog — Tue, 19 May 2026 08:34:19 +0000

Hebei Province, China’s largest steel-producing region, plans to certify more than 20 types of green steel by 2026. These goals are included in the list of key tasks for modernizing the metallurgical industry by 2026, which was released by the province’s Department of Industry and Information Technology. According to Zhang Xiaohui, head of the department’s […]

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China’s steel output fell by 4% y/y in January–April

Masha Malonog — Mon, 18 May 2026 12:49:53 +0000

China’s steel output fell by 4.1% year-on-year in January–April, to 331.12 million tons. This is according to data from the National Bureau of Statistics (NBS), as reported by SteelOrbis. In April alone, Chinese steelmakers produced 83.63 million tons of steel, which is 2.8% less than in the same period of 2025. Over the first four […]

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China is stepping up its hydrogen program to decarbonize the steel industry

Masha Malonog — Sun, 17 May 2026 09:02:01 +0000

China has launched a new pilot program to support the development of hydrogen energy, with a particular focus on decarbonizing the steel industry. In March, three government ministries announced an initiative that provides incentives for five urban clusters to achieve hydrogen-related goals—including projects to introduce low-carbon hydrogen in steelmaking. This is reported by Eco Business. […]

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China warned London against nationalizing British Steel

Masha Malonog — Fri, 15 May 2026 11:26:25 +0000

China has called on the British government to “make decisions prudently” regarding plans to nationalize British Steel and to respect “the wishes of companies and market principles, while avoiding the abuse of administrative coercive measures,” according to Reuters. The UK seized operational control of British Steel from its Chinese owners—Jingye—back in April 2025. According to […]

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Baosteel raises prices for flat steel products for the fourth consecutive time

Masha Malonog — Tue, 12 May 2026 09:47:15 +0000

Baoshan Iron & Steel Co (Baosteel), a subsidiary of the world’s leading steel producer China Baowu Steel Group, is raising domestic prices for several key flat steel products for June orders. Specifically, the price of hot-rolled coil (HRC) will increase by $14.7/t (100 yuan per ton). This was reported by Mysteel. This marks the fourth […]

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China’s rolled steel exports fell by 9.7% y/y, while iron ore imports rose by 8% y/y in January–April

Masha Malonog — Mon, 11 May 2026 12:48:09 +0000

From January to April 2026, China reduced its exports of rolled metal products by 9.7% year-on-year – to 34.2 million tons. During the same period, iron ore imports increased by 8% year-on-year – to 418.6 million tons. This was reported by BigMint, citing the General Administration of Customs of the People’s Republic of China (GACC). […]

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Global overcapacity poses a threat to the U.S. steel industry

Masha Malonog — Mon, 11 May 2026 10:59:24 +0000

The Steel Manufacturers Association (SMA) and the American Iron and Steel Institute (AISI) have expressed serious concern over the growing global steel overcapacity. The organizations warn that the trade policies of China and Brazil undermine fair competition and threaten U.S. national security. This is reported by Kallanish and SteelNet. SMA Executive Vice President Brandon Ferris […]

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Baosteel produced 13.2 million tons of steel in Q1

Masha Malonog — Thu, 30 Apr 2026 12:17:17 +0000

China’s largest steelmaker, Baoshan Iron & Steel Co (Baosteel), produced 13.2 million metric tons of steel and 12.2 million metric tons of pig iron in the first quarter. The company’s steel exports rose 6.8% year-on-year – to 6.5 million metric tons, according to Reuters. During this period, the company received nearly 2 million tons of […]

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Prices for billets rose by $10–15 per ton in regional markets in April

Masha Malonog — Thu, 30 Apr 2026 05:30:59 +0000

In most regional markets for square billets, prices rose slightly in April—by $10–15 per ton. The exception was the Persian Gulf countries, where prices fell by $8 to $516/t (CFR), after average prices had previously surged by $79 per ton in March due to logistical issues stemming from the war in the region and a […]

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Global prices for coking coal remain stable at the end of April

Masha Malonog — Wed, 29 Apr 2026 12:13:15 +0000

Global coking coal prices fluctuated slightly in the second half of April, while trading activity on the Chinese market increased in the run-up to the holidays. According to Kallanish, the price of high-quality coking coal FOB Australia as of April 24, 2026, stood at $237.6/t, showing little change compared to the previous week (April 17). […]

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China has released BHP’s iron ore stockpiles at the port

Masha Malonog — Tue, 28 Apr 2026 08:54:08 +0000

Following the agreement with BHP Group, China has released the company’s iron ore stockpiles held in ports. Bloomberg reported this, citing sources. The state-owned buyer, China Mineral Resources Group, has informed several steel mills that BHP’s ore stockpiles, including Jimblebar Blend Fines, will be released. The plants are required to report their raw material transactions […]

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China’s iron ore production fell by 1.2% in Q1

Masha Malonog — Thu, 23 Apr 2026 09:38:22 +0000

In January–March 2026, China reduced its iron ore production by 1.2% year-on-year – to 241.8 million tons, according to SteelOrbis, citing the National Bureau of Statistics. In March alone, production stood at 79.64 million tons, down 5.1% from the same period last year. In the first quarter, prices for this raw material initially fell and […]

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Emissions from China’s steel industry fell by 2.7% y/y in March

Masha Malonog — Wed, 22 Apr 2026 12:00:09 +0000

In March 2026, Chinese steel mills that are members of the CISA industry association reduced their total exhaust gas emissions by 2.74% compared to the same month in 2025. This is according to data from the association. Emissions of major pollutants in the exhaust gases also showed a decline. Specifically, sulfur dioxide emissions fell by […]

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BHP has signed an agreement with a Chinese state-owned buyer for iron ore supplies

Masha Malonog — Wed, 22 Apr 2026 07:35:32 +0000

Mining company BHP Group has confirmed the conclusion of negotiations on iron ore supplies with the Chinese state-owned buyer China Mineral Resources Group (CMRG), according to Bloomberg. This brings to an end a months-long dispute between the parties that had impacted markets and hindered Chinese steelmakers’ access to key raw materials. The market had been […]

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Real estate investment in China fell by 11.2% in Q1

Masha Malonog — Mon, 20 Apr 2026 11:55:09 +0000

Investment in China’s real estate sector fell by 11.2% year-on-year in January–March 2026, to 1.77 trillion yuan ($258.3 billion). The pace of decline accelerated slightly compared to the first two months of the year, according to data from the National Bureau of Statistics of China. At the same time, sales of new commercial real estate […]

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China is stepping up efforts to stabilize the steel market

Masha Malonog — Fri, 17 Apr 2026 10:57:45 +0000

China is stepping up efforts to combat “involution”-style competition in its steel sector. This was stated by Xia Nong, vice president of the China Iron and Steel Association (CISA), at a conference on the subject, according to China Daily. This involves introducing stricter controls on steel production, exploring new capacity management mechanisms, and coordinating efforts […]

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Steel production in China fell by 4.6% y/y in Q1

Masha Malonog — Thu, 16 Apr 2026 14:31:59 +0000

Steel production in China fell by 4.6% y/y in the first quarter of 2026, to 247.55 million tons. This is according to data from the country’s National Bureau of Statistics, as reported by TradingView. The downward trend intensified in March, when output fell by 6.3% year-on-year – to 87.04 million tons, marking the lowest figure […]

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Chinese steelmakers are coordinating their efforts in response to the European CBAM

Masha Malonog — Thu, 16 Apr 2026 09:49:38 +0000

China’s leading steel producers are coordinating their efforts in response to the full implementation of the European Union’s Carbon Border Adjustment Mechanism (CBAM), according to the South China Morning Post. This involves adjusting export strategies, compliance systems, and pricing models. As noted by Jiang Wei, vice chairman and secretary-general of the China Iron and Steel Association […]

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China’s steel exports fell by 9.9% y/y in Q1

Masha Malonog — Wed, 15 Apr 2026 14:25:48 +0000

In January–March 2026, China reduced its steel exports by 9.9% year-on-year, to 24.71 million tons. This was reported by the China Iron and Steel Association (CISA), citing data from the customs service. Export volumes in March 2026 increased by 16.6% compared to the previous month, but decreased by 12.6% year-on-year to 9.13 million tons. The […]

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Global prices for coking coal fluctuated slightly in the first half of April

Masha Malonog — Wed, 15 Apr 2026 14:23:18 +0000

In the first half of April, the Asian coking coal market continued to react to the conflict in the Middle East. In China, prices are under pressure from increased production at local mines, while in India, they are being weighed down by high buyer inventories. According to Kallanish, the price of high-quality coking coal FOB […]

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Baosteel raises HRS prices for May sales

Masha Malonog — Wed, 15 Apr 2026 08:53:10 +0000

China’s Baoshan Iron & Steel Co (Baosteel) has raised prices for May sales of certain key flat steel products, including hot-rolled coil (HRC), by 100 yuan per ton ($15/t) for the domestic market, according to Mysteel Global. Since late February, the company has issued two notices regarding changes to its pricing—one for April and one […]

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China will ease restrictions on certain shipments of BHP iron ore

Masha Malonog — Tue, 14 Apr 2026 07:50:12 +0000

China Mineral Resources Group (CMRG), a state-owned Chinese iron ore buyer, has informed several of the country’s steel mills that, starting April 14, they may purchase certain shipments of BHP iron ore denominated in U.S. dollars, according to Bloomberg. This is a clear concession in the months-long commercial dispute with the mining company, the agency […]

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Kazakhstan and China plan to build a $1.2 billion steel mill

Masha Malonog — Wed, 08 Apr 2026 14:04:11 +0000

Kazakhstan and China are planning to build a $1.2 billion steel mill, according to Vlast.kz. During a recent visit to China’s Fujian Province, Kazakhstan’s Minister of Trade and Integration Arman Shakkaliyev discussed the localization of production and the launch of new enterprises with Chinese investment. According to the country’s Ministry of Industry and Construction, a […]

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China’s steel industry’s green transition will cut emissions by 37% – CREA

Masha Malonog — Thu, 02 Apr 2026 13:08:29 +0000

Analysts at the Centre for Research on Energy and Clean Air (CREA) believe that an accelerated transition of China’s steel industry toward greener production could reduce the sector’s emissions by nearly 37% from peak levels by 2035. This is stated in the company’s report. This scenario calls for prioritizing the development of electric arc furnace […]

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Global prices for coking coal rose in the second half of March

Masha Malonog — Wed, 01 Apr 2026 12:49:33 +0000

In the second half of March, the coking coal market reacted to rising freight rates caused by the conflict in the Middle East, leading to higher prices for this raw material; however, demand did not support this trend. According to Kallanish, the price of high-quality coking coal FOB Australia as of March 27, 2026, stood […]

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China reduced stainless steel exports by 34.8% y/y in January–February

Masha Malonog — Thu, 26 Mar 2026 13:31:38 +0000

In January–February, China reduced its stainless steel exports by 34.8% year-over-year – to 492,700 metric tons, according to SteelDaily. In January, this figure stood at 232,600 tons, the lowest level since March 2020, primarily due to the implementation of a new export licensing system in the country at the start of this year. In February, […]

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Emissions from China’s steel industry fell by 12.2% y/y in February

Masha Malonog — Thu, 26 Mar 2026 11:39:08 +0000

In February 2026, Chinese steel mills that are members of the CISA industry association reduced their total exhaust gas emissions by 12.15% compared to February 2025, according to the association’s data. Despite the overall decline, emissions of major pollutants in the exhaust gases also decreased: sulfur dioxide by 16.85%, particulate matter by 11.29%, and nitrogen […]

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