icon

China - Latest news GMK Center

Photo – Baosteel increases hot-rolled coil prices by $28/t for September sales
Baosteel increases hot-rolled coil prices by $28/t for September sales

The company announces a price increase for the second consecutive month

Photo – The US and China have extended the tariff truce for 90 days
The US and China have extended the tariff truce for 90 days

The postponement was the expected outcome of the latest round of negotiations in Stockholm

Photo – China increased steel exports by 1.6% m/m in July
China increased steel exports by 1.6% m/m in July

Imports for the period decreased by 3.8% compared to June

Photo – China’s Shagang consistently raises prices for long products
China’s Shagang consistently raises prices for long products

The company added 200 yuan/t ($8/t) to its list prices for August 1-10

Photo – CISA calls on Chinese steelmakers to self-regulate production
CISA calls on Chinese steelmakers to self-regulate production

Steel mills are also asked to adjust their export strategies

Photo – The EU and the US will form a metals alliance to counter China’s excess capacity
The EU and the US will form a metals alliance to counter China’s excess capacity

The agreement between the parties opens up clear prospects for joint action on steel, aluminum, copper, and related products

Photo – Chinese steelmakers boost profitability amid capacity cuts
Chinese steelmakers boost profitability amid capacity cuts

In the first half of the year, the industry's profits grew 14-fold thanks to reduced supply and weaker raw material prices

Photo – Global trade in coking coal declined by 6% year-on-year in January-June
Global trade in coking coal declined by 6% year-on-year in January-June

Australian supplies during this period decreased by 4% year-on-year

Photo – China reduced scrap imports by 5.5% y/y in January-June
China reduced scrap imports by 5.5% y/y in January-June

In June, this figure rose by 31.4% year-on-year

Photo – China lags significantly behind its competitors in EAF steel production – research
China lags significantly behind its competitors in EAF steel production – research

The country needs to significantly reduce blast furnace production to achieve climate goals

Photo – Emissions in China’s steel sector rose by 17.3% y/y in June
Emissions in China’s steel sector rose by 17.3% y/y in June

Energy consumption in the sector fell by 3.6% y/y during the month

Photo – China criticizes Canadian steel import tariffs
China criticizes Canadian steel import tariffs

The country's embassy in Ottawa said the tariffs violate WTO rules

1 14 15 16 17 18 65