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China - Latest news GMK Center

Photo – China cut steel production to a four-year low in October
China cut steel production to a four-year low in October

Production amounted to 72 million tons, declining for the fifth consecutive month

Photo – Asian steel market to remain under pressure in Q4 – S&P Global
Asian steel market to remain under pressure in Q4 – S&P Global

Export volumes are likely to decline after a strong start to the year

Photo – EU and China join Brazil in carbon market coalition
EU and China join Brazil in carbon market coalition

The initiative aims to bring countries together to harmonize relevant practices and standards

Photo – China increases steel exports to Saudi Arabia amid trade restrictions
China increases steel exports to Saudi Arabia amid trade restrictions

Chinese steel producers continue record exports

Photo – China increased steel exports by 6.6% y/y in January-October
China increased steel exports by 6.6% y/y in January-October

Iron ore imports increased by 0.7% year-on-year during the period

Photo – Baosteel has reduced its steel production targets
Baosteel has reduced its steel production targets

The company will focus on unlocking the potential of existing resources

Photo – China will promote value-added steel production
China will promote value-added steel production

The future of Chinese steel industry will likely depend primarily on demand

Photo – Chinese steelmakers face new pressure amid rising raw material costs
Chinese steelmakers face new pressure amid rising raw material costs

The recovery observed in the third quarter may come to an end

Photo – Baosteel more than doubled its net profit in the third quarter
Baosteel more than doubled its net profit in the third quarter

The indicators are mainly due to better-than-expected domestic demand in China.

Photo – Trump cuts tariffs on imports from China
Trump cuts tariffs on imports from China

Beijing, in turn, will make adjustments to its countermeasures in the trade war.

Photo – China lifts partial ban on iron ore purchases from Australia’s Hancock
China lifts partial ban on iron ore purchases from Australia’s Hancock

Procurement was prohibited during the dispute between the parties, which lasted more than a year

Photo – China’s iron ore imports to exceed 113 million tons in October – Reuters
China’s iron ore imports to exceed 113 million tons in October – Reuters

October iron ore supplies may become the second largest in the country's history

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