China - Latest news GMK Center

The industry association calls on the country's steel plants to be disciplined in limiting production

The country is likely to import up to 120 million tons of this raw material during this period

Emissions of sulfur dioxide per ton of steel were 0.19 kg/t, solid particles – 0.21 kg/t, nitrogen oxide – 0.34 kg/t

In 2024, the indicator is expected to be at the level of 110 million tons

Real estate sales by area decreased by 17.1% y/y over 9 months

In January-September, production decreased by 3.6% y/y

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