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China - Latest news GMK Center

Photo – China’s steel market in 2024: export growth and domestic consumption decline
China’s steel market in 2024: export growth and domestic consumption decline

Last year, steel production fell by 1.7% to a 5-year low. Exports reached a historic high

Photo – Chinese steelmakers to cut production amid falling demand
Chinese steelmakers to cut production amid falling demand

Steel consumption in the country may decrease significantly by 2030

Photo – China reduced steel production by 1.7% y/y in 2024
China reduced steel production by 1.7% y/y in 2024

Production amounted to 1.005 billion tons, which is the lowest level in the last five years

Photo – China’s state grid operator plans $89 billion in investments for 2025
China’s state grid operator plans $89 billion in investments for 2025

State Grid Corp. of China increases capital expenditures amid renewable energy growth

Photo – China’s HBIS Group has stepped up the use of low-carbon technologies
China’s HBIS Group has stepped up the use of low-carbon technologies

The company implements steel hydrogen solutions

Photo – Emissions in China’s steel industry increased by 5.1% y/y in January-November
Emissions in China’s steel industry increased by 5.1% y/y in January-November

Sulphur dioxide emissions per ton of steel amounted to 0.19 kg/t, particulate matter – 0.21 kg/t, nitrogen oxide – 0.35 kg/t

Photo – Steel demand in China to fall by 1.5% y/y in 2025 – forecast
Steel demand in China to fall by 1.5% y/y in 2025 – forecast

Steel consumption in the country is forecast to reach 850 million tons next year

Photo – China’s steel exports to surpass 2015 record in 2024
China’s steel exports to surpass 2015 record in 2024

Cheap Chinese steel is actively flooding the global market, creating challenges for local producers

Photo – China reduced steel production by 4.3% m/m in November
China reduced steel production by 4.3% m/m in November

In January-November, the company's production decreased by 2.7% y/y

Photo – Baosteel to maintain current flat steel prices for January sales
Baosteel to maintain current flat steel prices for January sales

The company continues to adhere to the December price strategy

Photo – Steel exports from China exceeded 100 million tons in January-November
Steel exports from China exceeded 100 million tons in January-November

Annual export volumes are expected to exceed the 2015 record of 110 million tons

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