China - Latest news GMK Center

Beijing announces expansion of emissions trading system to cover more than 60% of the country's CO2

This comes amid the government's announcement of the following steps

Energy consumption in the industry decreased by 3.1% y/y during the month

Consultations on this issue started at the beginning of the year

Production volumes amounted to 158.35 million tonnes

The indicator declined despite an increase in steelmakers' profits and exports of finished products

The new organization is designed to promote the development of green steel industry, improve industry efficiency and reduce emissions

The coke market in China has reached a local «bottom» amid falling production volumes in the metallurgy industry

It is about imports of certain types of hot-rolled and flat products

Chinese steel mills are currently reducing production of hot-rolled coils

The reduction in Chinese imports in January-February failed to support the price of ore on the main trading platforms in Southeast Asia

The goal is to accelerate the fight against greenhouse gas emissions