China

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China calls on the EU to ensure that CBAM complies with WTO rules

China also asks Europe to avoid creating protectionist measures

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Steel production in China decreased by 4.8% m/m in August

Chinese steelmakers increased steel output by 2.6% y/y in January-August

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Players of the European HRC market are worried about the future influx of imports

Quotas for the IV quarter are likely to be filled in early October, which will affect prices in the EU

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Ulanhot Steel launches a new blast furnace at a plant in northern China

The capacity of the unit is estimated at 1.13 million tons of pig iron per year

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Chinese steel exports could reach 90 million tons in 2023

These volumes are approximately 30% more than in 2022

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China increased iron ore imports by 10.6% y/y in August

For 8 months, the volume of raw material imports increased by 7.4% y/y

Reuters
China increased the export of steel products by 28.4% y/y in January-August

In August, Chinese steel companies shipped 13.3% more steel abroad than in July

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China to extend steel production restrictions in 2023 – Baosteel

The volume of steel production in the current year will not exceed the level of 2022

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Metallurgists of the Chinese province of Hebei produced 135.8 million tons of steel in January-July

Steel companies in the region account for 21.7% of steel production in China

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Emissions from Chinese metallurgy grew by 5.7% y/y in January-July

Sulfur dioxide emissions per ton of steel amounted to 0.21 kg/t, smoke and dust – 0.25 kg/t, nitrogen oxide – 0.40 kg/t

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Profits of Chinese metallurgists in January-July fell by 90.5% y/y

The aggregate profit of large and medium-sized enterprises in China during this period decreased by 15.5% y/y

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China cut coking coal imports by 8% m/m in July

The main factor in the reduction of the indicator is a decrease in supplies from the Russian Federation and Canada

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