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China - Latest news GMK Center

Photo – Baosteel has reduced its steel production targets
Baosteel has reduced its steel production targets

The company will focus on unlocking the potential of existing resources

Photo – China will promote value-added steel production
China will promote value-added steel production

The future of Chinese steel industry will likely depend primarily on demand

Photo – Chinese steelmakers face new pressure amid rising raw material costs
Chinese steelmakers face new pressure amid rising raw material costs

The recovery observed in the third quarter may come to an end

Photo – Baosteel more than doubled its net profit in the third quarter
Baosteel more than doubled its net profit in the third quarter

The indicators are mainly due to better-than-expected domestic demand in China.

Photo – Trump cuts tariffs on imports from China
Trump cuts tariffs on imports from China

Beijing, in turn, will make adjustments to its countermeasures in the trade war.

Photo – China lifts partial ban on iron ore purchases from Australia’s Hancock
China lifts partial ban on iron ore purchases from Australia’s Hancock

Procurement was prohibited during the dispute between the parties, which lasted more than a year

Photo – China’s iron ore imports to exceed 113 million tons in October – Reuters
China’s iron ore imports to exceed 113 million tons in October – Reuters

October iron ore supplies may become the second largest in the country's history

Photo – China’s Stellar Steel invests $450 million in a new steel plant in Nigeria
China’s Stellar Steel invests $450 million in a new steel plant in Nigeria

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

Photo – China to tighten rules for replacing steel capacity
China to tighten rules for replacing steel capacity

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

Photo – China reduced iron ore production by 3.8% y/y in January-September
China reduced iron ore production by 3.8% y/y in January-September

During September, raw material production amounted to 761.43 million tons

Photo – Asian coking coal prices stabilize amid rising demand
Asian coking coal prices stabilize amid rising demand

Traders expect restocking in India and China during the fourth quarter

Photo – China’s real estate investments in January-September decreased by 13.9% y/y
China’s real estate investments in January-September decreased by 13.9% y/y

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

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