China

In August 2022, imports increased by 36.8% year-on-year and by 4.7% compared to the previous month

The country's steelmakers are called to promote investment and development of foreign steel projects

The cost of the project will be $2 billion, the agreement must be approved by the governments of Australia and China

Experts expect steel production in China to rise in September 2022, supporting iron ore prices

The indicators were affected by the Chinese government's desire for decarbonization, lockdowns and problems in the real estate sector

The partial shutdown of the corporation's blast furnaces in Europe will not hinder the expansion of production at its Chinese VAMA plant

In August 2022, the iron ore import decreased by 1.3% y/y and increased by 5.4% compared to the previous month

Local traders expect an increase in demand in September

New facilities to be located in Fujian Province

As part of the signed agreement, there is a plan to construct a EAF steel plant

Production decreased by 18.7% compared to June

The total volume of production was 81.4 million tons