China - Latest news GMK Center

Aggressive Chinese exports are affecting global steel exports

EAF is intended for a subsidiary of the Chinese steel producer Qian'an Steel

In July, imports increased by 10% y/y and 5.3% m/m

Restrictions of 30.91% will apply to products under HS codes 7225 and 7226

The country's steel sector has been facing a number of problems since the beginning of the year

Industry groups call for Playing Field 2.0 Act to be included in package of laws to protect against unfair imports

The agreement on the creation of a joint venture in the country was signed in May

In the first half of the year, the visible consumption of steel in the country decreased by 3.3% y/y

In the country during the specified period, the volume of steel smelting fell amid decrease in the margins of steel plants

China's growing manufacturing capacity threatens emerging economies

Emissions of sulfur dioxide per ton of steel were 0.2 kg/t, solid particles – 0.21 kg/t, nitrogen oxide – 0.35 kg/t

In June, the indicator increased by 9.9% y/y