China

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China increased iron ore imports by 7% y/y in January-May

The increase in raw material imports contrasts with the weakness of steel production

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China increased steel exports by 25% y/y in January-May

During this period, the import of metal products decreased by 2.7% y/y

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Chinese steelmakers may join carbon trading in 2024

China's low-carbon steel standards are currently under investigation

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China plans to reduce carbon emissions in key industrial sectors

The government's plan is to reduce these volumes by about 1% of the 2023 figure

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Leading Chinese steel provinces cut steel production in January-April

Four of the seven largest steel regions recorded a decline in steel production

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China’s steel industry reduced revenue by 4.2% y/y in January-April

The sector recorded a loss of 22.22 billion yuan in 4 months

China’s steel market in 2021-2023: overcapacity and export growth

Every year China increases steel capacity while reducing apparent steel consumption

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EC initiates anti-dumping investigation into seamless pipes from China

The procedure was initiated following a complaint filed by the European Association of Steel Pipe Manufacturers

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Utilization of China’s blast furnace capacities increased despite low steelmakers’ profits

The increase in production was mainly contributed by factories in Hebei province

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China intends to reduce dependence on imported iron ore

In 2024, domestic production of iron ore concentrate is expected to increase by 5-10 million tons

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China’s real estate investments in January-April decreased by 9.8% y/y

Sentiment in the real estate market improved due to a number of steps taken by the state

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EU launches trade investigation into Chinese tinplate

The investigation will last up to 14 months, with the possible introduction of temporary duties after 7-8 months

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