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China - Latest news GMK Center

Photo – Bolivia prepares to launch a Chinese-funded steel mill
Bolivia prepares to launch a Chinese-funded steel mill

The plant will initially produce 200 thousand tons of steel per year

Photo – US steel tariffs could trigger a global trade war – CISA
US steel tariffs could trigger a global trade war – CISA

The impact of these tariffs on Chinese exports will be limited in the short term

Photo – Global scrap prices recovered by 1.5-2% since the beginning of the year
Global scrap prices recovered by 1.5-2% since the beginning of the year

Turkish steel mills fear further price increases

Photo – Baosteel raises flat steel prices for March sales
Baosteel raises flat steel prices for March sales

The price increase will affect hot-rolled and cold-rolled coils

Photo – China increased coking coal imports to a record level in 2024
China increased coking coal imports to a record level in 2024

During the year, raw material supplies to consumers reached 122 million tons

Photo – Emissions in China’s steel industry increased by 4.1% y/y in 2024
Emissions in China’s steel industry increased by 4.1% y/y in 2024

Increased liquidity of BF capacities compared to EAFs increased emissions in the industry despite a decline in annual steel production

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

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