China

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China and the EU have differences in carbon policy coordination

China is resisting Europe's CBAM, which could affect broader issues

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Blast furnace capacity utilization in China fell to 87.6% at the end of November

The decrease in the indicator was mainly due to maintenance stops

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China’s regulator has approved Baowu’s takeover of Shangang

The annual capacity of Shangang steel smelting is more than 30 million tons per year

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Iron ore prices may reach $150/t in 2024 – analysts

Estimates were raised amid expectations of increased demand in China

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Baosteel’s steel exports to exceed 5 million tons in 2023

Such indicators are expected against the background of the expansion of foreign markets

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China’s steel industry should use capacity management – CISA

This can become the main means of balancing supply and demand

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China is increasing its capacity to produce iron ore concentrate

From 2022, the volume of additional capacities amounted to 50 million tons

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China’s steel industry needs innovation to increase efficiency – experts

Such steps will help the industry to achieve qualitative growth

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Iron ore prices should return to a reasonable range – Baosteel

The Chinese steel producer called for a joint cooling of speculation on the raw material market

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Global market for ferroalloys is experiencing a decline in prices

China falls out of the general trend, where ferrochrome prices stabilized at $1158-1185/t on the domestic market

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Investments in real estate in China decreased by 9.3% y/y in January-October

The total construction area decreased by 7.3% in 10 months

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China’s Baosteel has raised prices for steel coils by 100 yuan per ton

This decision reflects growing demand and the need to replenish stocks

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