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China - Latest news GMK Center

Photo – US imposes 104% tariffs on imports from China
US imposes 104% tariffs on imports from China

Duties at this rate will be charged from April 9

Photo – Chinese steel market: consequences of the «great leap»
Chinese steel market: consequences of the «great leap»

China's metallurgy will continue to face systemic problems this year

Photo – China announces additional 34% tariffs on US goods
China announces additional 34% tariffs on US goods

The duty will be introduced on April 10

Photo – China tightens steel export rules
China tightens steel export rules

The new regulations are aimed at ensuring compliance with the tax legislation

Photo – China’s Ansteel suffered a loss of almost $1 billion in 2024
China’s Ansteel suffered a loss of almost $1 billion in 2024

Last year, the country's steelmakers faced a further deterioration in market conditions

Photo – China introduces new environmental restrictions for industrial giants
China introduces new environmental restrictions for industrial giants

Beijing announces expansion of emissions trading system to cover more than 60% of the country's CO2

Photo – A number of Chinese steelmakers have started to cut production
A number of Chinese steelmakers have started to cut production

This comes amid the government's announcement of the following steps

Photo – Emissions in China’s steel industry increased by 3.3% y/y in February
Emissions in China’s steel industry increased by 3.3% y/y in February

Energy consumption in the industry decreased by 3.1% y/y during the month

Photo – Chinese steelmakers discuss compensation for closing outdated facilities
Chinese steelmakers discuss compensation for closing outdated facilities

Consultations on this issue started at the beginning of the year

Photo – Iron ore production in China fell by 12.6% y/y in January-February
Iron ore production in China fell by 12.6% y/y in January-February

Production volumes amounted to 158.35 million tonnes

Photo – China reduced steel production by 1.5% y/y in January-February
China reduced steel production by 1.5% y/y in January-February

The indicator declined despite an increase in steelmakers' profits and exports of finished products

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