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China - Latest news GMK Center

Photo – China has unveiled a new plan to reduce carbon emissions by 2030
China has unveiled a new plan to reduce carbon emissions by 2030

The roadmap provides for the acceleration of low-carbon modernisation in energy-intensive sectors

Photo – India has extended the anti-dumping duty on imports of seamless pipes from China
India has extended the anti-dumping duty on imports of seamless pipes from China

The decision was adopted following the second review of the duration of the anti-dumping measures

Photo – Jingye Steel will insist on full compensation for the takeover of British Steel
Jingye Steel will insist on full compensation for the takeover of British Steel

The company notes that, following the acquisition, it has made significant investments in the asset

Photo – Baosteel is raising prices for hot-rolled steel for August sales
Baosteel is raising prices for hot-rolled steel for August sales

The increase in supply reflects expectations of a future improvement in demand

Photo – Steel production in China could fall by 1.2% у/y in 2026 — forecast
Steel production in China could fall by 1.2% у/y in 2026 — forecast

Steel production is expected to pick up in the second half of the year

Photo – Australia saw iron ore exports rise by 7.8% y/y in 1H2026
Australia saw iron ore exports rise by 7.8% y/y in 1H2026

Over the same period, Brazil saw its exports fall by 3.8% y/y

Photo – Baosteel has ordered two seamless pipe production lines from the SMS Group
Baosteel has ordered two seamless pipe production lines from the SMS Group

Production on the first line is scheduled to begin at the end of 2027

Photo – China increased stainless steel production by 2% y/y in May
China increased stainless steel production by 2% y/y in May

In January–May, the figure stood at 17.36 million tonnes

Photo – Prices for coking coal rose in June
Prices for coking coal rose in June

Towards the end of the month, the upward momentum in prices slowed

Photo – China has increased coking coal imports by 25% y/y over the past five months
China has increased coking coal imports by 25% y/y over the past five months

Following a mining accident in Shanxi, Chinese importers will increase their imports from Canada and Australia

Photo – China’s stainless steel exports fell by 30.8% y/y in January–May
China’s stainless steel exports fell by 30.8% y/y in January–May

The May figure showed equally strong growth — 27% y/y

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