China - Latest news GMK Center

Economic incentives from Beijing and rising demand may contribute to this

Nearly 80% of China's coal-fired blast furnaces will need to be closed or reinvested by 2030

Shipments increased by 21.2% y/y

Analysts expect China's GDP to grow by 4.9% in 2024

The country's competitive advantages are renewable electricity and green hydrogen production capabilities

This step is due to the increase in steel prices in the country

China's GDP is expected to grow by 4.8% this year

The announcement of measures to stimulate the country's economy led to an increase in prices for key steel products

Import prices for Chinese steel products are much lower than domestic ones

In August, this indicator decreased by 17.8% year-on-year

The Central Bank of the country announced the most powerful package of financial stimulus measures since the beginning of the coronavirus pandemic

Domestic steel prices rose in the country, and steel mills were able to make certain profits