China - Latest news GMK Center

In January-October, the company's production decreased by 3% y/y

Companies are joining forces to produce electrical steel in China, investing in modern technology and environmentally friendly materials

China, Brazil, South Africa and India requested that the topic be included in the COP29 agenda

12.78 million tons of indirect steel exports from China will be at risk

Rio Tinto notes that demand is shifting to higher quality raw materials

The agreements, in particular, provide for the construction of a plant for the production of high-strength cast iron pipes

Shipments increased by 40.8% y/y and 10.1% m/m

The annual volume of consumption is forecast at the level of 236.4 million tons

Prices in the current month will remain in a narrow range

For 9 months, the total volume of steel production by the company amounted to 39.61 million tons

It is planned that the enterprise will begin operations in 2027

The operating income of these enterprises during the period decreased by almost 7% on an annual basis