China

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China reduced steel production by 3% y/y in January-April

Analysts expect steel output to rise in May due to improved demand and consumption prospects

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US announces an increase in tariffs on Chinese steel and aluminum to 25%

The White House notes that these actions are intended to protect the American steel industry

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Fitch forecasts steel production growth in China in Q2

Steel companies are encouraged to increase steel production amid improving earnings

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China’s Baosteel raises June prices for hot-rolled coils

The company also raised offers for some other types of products

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Steel demand in China to remain stable in 2024 – forecast

Expectations take into account GDP growth targets and the recovery of demand in the manufacturing industry

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China extends anti-dumping duties on imports of stainless steel products

The country confirmed the further application of tariffs on products from the EU, Great Britain, Japan, South Korea and Indonesia

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China increased steel exports by 27% y/y in January-April

The import of steel products during this period decreased by 3.7% y/y

Primetals to supply Wuyang Iron and Steel with a CCM with record-breaking performance

The unit will become the most powerful machine of this type in the world

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China to support a series of low-carbon demonstration projects

Six of the announced projects are related to iron ore mining or steel production

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Electrical steel becomes a key product in China’s steel industry

The export of these products from the country has been growing rapidly in recent years

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Asian iron ore market expects uncertainty in Q2

The recovery of prices depends on the growth of construction activity in China and the need to replenish stocks

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Asian markets expect lower coking coal prices in Q2

In March, China led the decline in quotations

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