China - Latest news GMK Center

Authorities seek to reduce steel intensity of the economy

Compared to the previous month, the indicator decreased by 3%

This concerns the purchase of Jingbao fine ore from an Australian company

The Ministry of Ecology and Environment intends to reduce quotas annually

During October, raw material production amounted to 84.03 million tons

Iron ore imports are likely to exceed their historic high, while steel production will fall below 1 billion tons

Steel production in the region is expected to decline by 2.5% y/y at the end of the year

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

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

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

Chinese steel producers continue record exports

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