China

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China tightens steel export rules

The new regulations are aimed at ensuring compliance with the tax legislation

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China’s Ansteel suffered a loss of almost $1 billion in 2024

Last year, the country's steelmakers faced a further deterioration in market conditions

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China introduces new environmental restrictions for industrial giants

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

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A number of Chinese steelmakers have started to cut production

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

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Emissions in China’s steel industry increased by 3.3% y/y in February

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

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Chinese steelmakers discuss compensation for closing outdated facilities

Consultations on this issue started at the beginning of the year

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Iron ore production in China fell by 12.6% y/y in January-February

Production volumes amounted to 158.35 million tonnes

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China reduced steel production by 1.5% y/y in January-February

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

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An association of electric arc furnace steel producers has been established in China

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

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Coke prices stabilize in China

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

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Taiwan launches anti-dumping investigation into rolled steel from China

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

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Baosteel maintains current flat steel prices for April sales

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

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