China - Latest news GMK Center

Ogun State plant to start operations by mid-2026 and reduce steel imports

The new plan, in particular, aims to restore the balance between supply and demand

During September, raw material production amounted to 761.43 million tons

Traders expect restocking in India and China during the fourth quarter

In September, the index dropped by 21.3 year-on-year

Energy consumption in the industry increased by 1.1% y/y during the month

Local steel producers are disappointed with the government's decision

In January-September, the indicator fell by 2.9% y/y

By 2027, excess capacity will grow to 721 million tons

Chinese steelmakers exported 10.47 million tons in September

Countries reinforce trade defenses to curb growing Chinese steel exports

BHP has reportedly agreed to settle 30% of its spot ore trade with China in yuan