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China - Latest news GMK Center

Photo – The US and China agree to mutually reduce tariffs for 90 days
The US and China agree to mutually reduce tariffs for 90 days

The parties will continue discussing economic and trade relations

Photo – China increased steel exports by 13.4% y/y in April
China increased steel exports by 13.4% y/y in April

The indicator reached its highest level since September 2015

Photo – China continues efforts to regulate steel production
China continues efforts to regulate steel production

The industry association recommends switching from capacity expansion to quality growth

Photo – EU considers increasing purchases from the US by €50 billion
EU considers increasing purchases from the US by €50 billion

China is evaluating the possibility of negotiations, and Japan aims to reach a trade agreement in June

Photo – Baosteel plans to produce 52.6 million tons of steel in 2025
Baosteel plans to produce 52.6 million tons of steel in 2025

The company expects a nationwide decline in steel production this year

Photo – Emissions in China’s steel industry increased by 9.7% y/y in March
Emissions in China’s steel industry increased by 9.7% y/y in March

Energy consumption in the industry increased by 2.1% y/y during the month

Photo – China will continue to build coal-fired power plants until 2027
China will continue to build coal-fired power plants until 2027

Facilities will be built in regions where they are needed

Photo – China increases steel production to 10-month high in March
China increases steel production to 10-month high in March

In April, steel output is likely to fall amid uncertainty over exports and domestic demand

Photo – China increased steel exports by 6.3% y/y in Q1
China increased steel exports by 6.3% y/y in Q1

Imports of iron ore decreased by 7.8% y/y over the period

Photo – China increases tariffs on US goods to 125%
China increases tariffs on US goods to 125%

China plans to ignore any further tariff increases by the United States

Photo – Baosteel maintains current flat steel prices for May sales
Baosteel maintains current flat steel prices for May sales

The company leaves the offer unchanged for the second month in a row

Photo – China raises tariffs on US goods to 84%
China raises tariffs on US goods to 84%

The new rate will come into force on April 10

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