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China - Latest news GMK Center

Photo – Negotiations between BHP and China’s CMRG on iron ore may continue until 2026
Negotiations between BHP and China’s CMRG on iron ore may continue until 2026

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

Photo – China’s excess capacity is a source of problems for the steel industry – Interpipe CEO
China’s excess capacity is a source of problems for the steel industry – Interpipe CEO

Markets are protecting themselves from Chinese steel, which is destroying global trade

Photo – China suspends iron ore purchases from BHP – Bloomberg
China suspends iron ore purchases from BHP – Bloomberg

China's CMRG and mining company held several unsuccessful meetings on terms of cooperation

Photo – Emissions in China’s steel industry rose by 20.8% y/y in July
Emissions in China’s steel industry rose by 20.8% y/y in July

Energy consumption in the industry increased by 0.1% y/y during the month

Photo – China could reduce emissions by 1.6 billion tons by 2030 – research
China could reduce emissions by 1.6 billion tons by 2030 – research

Steel production may be limited to 900 million tons per year

Photo – China will ban new capacity and reduce steel production
China will ban new capacity and reduce steel production

The country will support advanced competitive enterprises

Photo – Investments in Chinese real estate fell by 12.9% y/y in January-August
Investments in Chinese real estate fell by 12.9% y/y in January-August

Demand for construction steel in the country may recover somewhat in September

Photo – China cut steel production to a 9-month low in August
China cut steel production to a 9-month low in August

From January to August, the figure dropped 2.8% year-on-year

Photo – Baosteel has maintained current prices for hot-rolled coil for sales in October
Baosteel has maintained current prices for hot-rolled coil for sales in October

The company has stabilized its offer amid weak domestic demand for steel

Photo – Asian coking coal prices fell amid increased supply
Asian coking coal prices fell amid increased supply

Indian buyers took a wait-and-see approach, while the Chinese market remained weak

Photo – ANNOUNCEMENT: China Steel Industry Summit for 2026 Market
ANNOUNCEMENT: China Steel Industry Summit for 2026 Market

The conference will provide an opportunity to understand the Chinese market and communicate with its key players

Photo – China increased steel exports by 10% y/y in January-August
China increased steel exports by 10% y/y in January-August

Iron ore imports decreased by 1.6% y/y during the period

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