China - Latest news GMK Center

Energy consumption at CISA facilities has decreased, while the share of on-site generation has risen to 65.32%

In April alone, the figure stood at 1.64 million tons

The industry will be affected by high production costs and a seasonal decline in consumption

In April, the figure fell by 3.5% y/y

In China, there is cautious optimism about the immediate outlook, while supply from Australia remains limited

New projects will require more substantial cuts elsewhere

China's largest steel-producing province also plans to develop more than 30 new products

The country's pig iron production fell by 3.1% y/y

The key objective of these measures is to lower the price of hydrogen

The United Kingdom plans to fully nationalize British Steel, which is formally owned by the Chinese company Jingye

The main reason for the price adjustment in June was the rise in costs for raw materials and energy

In April, exports of rolled steel products fell by 9.2% y/y, while ore imports rose by 0.7% y/y