China

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The World Bank expects China’s economy to slow down in 2025

China's GDP is expected to grow by 4.8% this year

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China’s steel demand may grow outside the real estate sector

The announcement of measures to stimulate the country's economy led to an increase in prices for key steel products

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Chinese imports affect the profitability of Indian steel companies

Import prices for Chinese steel products are much lower than domestic ones

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China’s large industrial enterprises increased their profits by 0.5% y/y in January-August

In August, this indicator decreased by 17.8% year-on-year

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Iron ore prices rise amid China’s stimulus measures

The Central Bank of the country announced the most powerful package of financial stimulus measures since the beginning of the coronavirus pandemic

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Utilization of domain capacity in China increases for the third week in a row

Domestic steel prices rose in the country, and steel mills were able to make certain profits

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China increased iron ore production by 4.1% y/y in January-August

In August, the indicator fell by 16% y/y

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Emissions in China’s steel industry increased by 4.3% y/y in January-July

Emissions of sulfur dioxide per ton of steel were 0.18 kg/t, solid particles – 0.20 kg/t, nitrogen oxide – 0.34 kg/t

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6 electric arc furnaces from Danieli launched in China in the last 2 months

Zerobucket EAF was put into operation at Qiananshi Jiujiang, Zhejiang Yuxin, Heyuan Derun, Baoshan I&S and Baosteel Xinyu plants

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China’s steel exports provoke increased protectionism in the world

There are no signs of easing tensions in the global steel trade in the near term

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China reduced steel production by 3.3% y/y in January-August

In August, the country reduced steel production by 10.4% year-on-year

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India has extended countervailing duties on pipes from China and Vietnam

The safeguard measure for these products will remain in effect for another five years

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