China

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China to cut steel consumption again in 2024 – forecast

Return to steel production regulation will change the dynamics of the value chain

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Emissions in China’s steel industry increased by 9.4% y/y in January-March

Sulphur dioxide emissions per ton of steel amounted to 0.2 kg/t, particulate matter – 0.19 kg/t, nitrogen oxide – 0.34 kg/t

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China’s real estate investments decreased by 9.5% y/y in Q1

The total area of construction works in January-March decreased by 11.1% year-on-year

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China increased iron ore production by 15.3% y/y in Q1

In March, the indicator increased by 14.5% y/y

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US steelmakers support Biden’s position on Chinese steel imports

Industry associations are concerned about the growth of steel exports from China to world markets

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US President calls for increased duties on steel and aluminum from China

This move will affect a small segment of the American market

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China reduced steel production by 1.9% y/y in Q1

In March, steel production fell by 7.8% year-on-year

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China increased steel exports by 31% y/y in Q1

In three months, Chinese steelmakers shipped 25.8 million tons of steel products abroad

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China’s Baowu Group takes steps to reduce carbon emissions

The enterprises of the group implement relevant projects

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Demand for construction steel is expected to recover in China

Growth in April is likely to lag behind last year's levels

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China to finance projects to reduce emissions in industry

Projects will receive funding of up to 100 million yuan

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