China

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China’s scrap shortage is expected to increase in August

The demand for scrap in August will remain at the level of more than 13 million tons

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ICIT introduced final tariffs on steel wire imports from China

Anti-dumping measures are applied for a period of 5 years at a rate of 32.6% of the customs value of the goods

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The PMI index in China’s steel industry stabilized at 49.9% in July

The index of production in the steel industry increased by 2.6 percentage points during the month

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ICIT introduced final duties on coated rolled steel imports from China

The anti-dumping duty will be applied during the next 5 years in the amount of 30.7-48.14% of the customs value

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China increased coking coal imports by 73.7% y/y in January-June

In June, Chinese industry imported 7.75 million tons of coking coal

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Profits in China’s industry fell by 8.3% y/y in June

In January-June, the indicator decreased by 16.8% in annual terms

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Instability in global construction will lead to a drop in demand for steel – MEPS

Industrial and infrastructure projects in global economies cannot compensate for sector weakness

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Baowu Steel received steel production limitation indicators

The market expects that this will soon affect other steel mills

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Emissions in China’s steel industry increased by 3.4% y/y in January-June

Emissions of sulfur dioxide per ton of steel were 0.21 kg/t, smoke and dust – 0.25 kg/t, nitrogen oxide – 0.41 kg/t

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China’s Tangshan tightened control over steel production cuts

Steel enterprises urged to observe restrictions

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World rebar prices remain stable in July

There is a seasonal slowdown in trade on the market

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China increased iron ore production by 5.7% y/y in the first half of 2023

In June, iron ore production increased by 1.8% y/y and 9.7% m/m

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