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Photo – China increased iron ore production by 4.1% y/y in January-August
China increased iron ore production by 4.1% y/y in January-August

In August, the indicator fell by 16% y/y

Photo – Emissions in China’s steel industry increased by 4.3% y/y in January-July
Emissions in China’s steel industry increased by 4.3% y/y in January-July

Emissions of sulfur dioxide per ton of steel were 0.18 kg/t, solid particles – 0.20 kg/t, nitrogen oxide – 0.34 kg/t

Photo – 6 electric arc furnaces from Danieli launched in China in the last 2 months
6 electric arc furnaces from Danieli launched in China in the last 2 months

Zerobucket EAF was put into operation at Qiananshi Jiujiang, Zhejiang Yuxin, Heyuan Derun, Baoshan I&S and Baosteel Xinyu plants

Photo – China’s steel exports provoke increased protectionism in the world
China’s steel exports provoke increased protectionism in the world

There are no signs of easing tensions in the global steel trade in the near term

Photo – China reduced steel production by 3.3% y/y in January-August
China reduced steel production by 3.3% y/y in January-August

In August, the country reduced steel production by 10.4% year-on-year

Photo – India has extended countervailing duties on pipes from China and Vietnam
India has extended countervailing duties on pipes from China and Vietnam

The safeguard measure for these products will remain in effect for another five years

Photo – China’s carbon market expansion may have limited impact in the first phase
China’s carbon market expansion may have limited impact in the first phase

According to experts, a relatively low bar has been set for companies

Photo – China increased steel exports by 21.3% m/m in August
China increased steel exports by 21.3% m/m in August

Low domestic sales and fears of an increase in trade conflicts in the future contributed to the hyped sales

Photo – China to add steel and aluminium to carbon market in late 2024
China to add steel and aluminium to carbon market in late 2024

Reducing emissions could soften the blow from Europe's CBAM

Photo – Turkey should protect the market from Chinese steel as soon as possible – TCUD
Turkey should protect the market from Chinese steel as soon as possible – TCUD

Imports of Chinese steel into the country continue to grow exponentially

Photo – China’s Jianlong is considering investments in steel production in Kazakhstan
China’s Jianlong is considering investments in steel production in Kazakhstan

Jianlong is exploring opportunities to build a new steel plant in the country

Photo – Chinese steel exports to hit eight-year high in 2024 – FT
Chinese steel exports to hit eight-year high in 2024 – FT

Such volumes threaten to increase tensions in global trade

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