China - Latest news GMK Center

The move will intensify pressure on global steel trade, likely triggering a wave of new trade barriers worldwide

Competition among automakers puts pressure on raw material suppliers

Chinese steel mills refrain from raising prices due to market weakness

Steady outstripping shipments, fueled by fears of tariff hikes, boost exports

As of April, this goal was achieved by about 591 million tons of capacity

Anti-dumping duties are set at 13-62%

The market is affected by a drop in domestic demand for steel in this country

In May, the US signed a trade deal with Britain, Trump promised and postponed 50 percent tariffs for the EU

Energy consumption in the industry increased by 0.5% y/y during the month

In April, the country's production of this raw material amounted to 84.7 million tons

The results contradict analysts' expectations, although they still remain quite high

The company has been applying this strategy for the third month in a row