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China - Latest news GMK Center

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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