China

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China increased iron ore production by 8% y/y in July

This indicator increased by 6.5% year-on-year in January-July

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Iron ore prices rose amid cautious optimism in the market

Chinese steel mills buy raw materials as needed, their demand remains restrained

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Curtailing steel production could reduce China’s scrap consumption

This trend will affect the eastern and central regions of the country the most

Asian producers have replaced the supply of long products from Russia to the EU

China, Türkiye, South Korea and India have become the beneficiaries of sanctions against Russian long products

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Steel production in China will continue to grow in August – forecast

The market is worried about the uncertainty with production restrictions

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China increased steel production by 11.5% y/y in July

Compared to June, steel production decreased by 0.34%.

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China’s steel processing plants are ordered to cut production

A large state-owned factory in Shandong province received a verbal order

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Iron ore prices fluctuate amid uncertainty in China

The market is concerned about the state of the real estate sector in the country

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China can bring steel to its carbon market by 2025

Currently, the country is discussing the structure of emissions reporting

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China reduced iron ore imports by 2.1 m/m in July

For seven months, the volume of raw material imports increased by 6.9% y/y

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China’s steel market remains under pressure due to stockpiles

Strong production and weak demand remain in the country

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CISA proposes to abolish overnight steel futures trading

The proposal is designed to improve the market price formation mechanism

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