China - Latest news GMK Center

Large volumes from non-Australian suppliers appeared on the market

The US, Brazil, and China launch investigations or extend duties to protect their producers

The duty will be levied from July 3 and will remain in effect for four months

According to CISA forecasts, the country's steel market will face greater pressure in the near future

Energy consumption in the sector fell by 2.1% y/y during the month

Electric arc furnaces at China's Hubei Shunle regularly achieve 50 melts per day

The U.S. steel industry went green long before the EU and other countries started talking about switching to greener technologies

At the same time, the trend in imports remains negative

In May, raw material production amounted to 85.79 million tons

The company's growth has helped to reduce the volatility of futures for this raw material

Government restrictions, weak demand and construction downturn change the dynamics of the steel industry

In the short term, these products may experience downward pressure