China - Latest news GMK Center

China's GDP is expected to grow by 4.8% this year

The announcement of measures to stimulate the country's economy led to an increase in prices for key steel products

Import prices for Chinese steel products are much lower than domestic ones

In August, this indicator decreased by 17.8% year-on-year

The Central Bank of the country announced the most powerful package of financial stimulus measures since the beginning of the coronavirus pandemic

Domestic steel prices rose in the country, and steel mills were able to make certain profits

In August, the indicator fell by 16% y/y

Emissions of sulfur dioxide per ton of steel were 0.18 kg/t, solid particles – 0.20 kg/t, nitrogen oxide – 0.34 kg/t

Zerobucket EAF was put into operation at Qiananshi Jiujiang, Zhejiang Yuxin, Heyuan Derun, Baoshan I&S and Baosteel Xinyu plants

There are no signs of easing tensions in the global steel trade in the near term

In August, the country reduced steel production by 10.4% year-on-year

The safeguard measure for these products will remain in effect for another five years