China

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EEC extended anti-dumping duty on Chinese rolled products

Duty on China's coated steel to continue for another five years

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EU extended anti-dumping duties on Chinese seamless pipes

Tariffs on Chinese products were kept at the level of 29.2-54.9%

Indian traders are buying cheaper steel from China

Chinese steel products are offered at deep discounts, which is a problem for local producers

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Some Chinese steel companies expect losses in the first half of 2023

Such forecasts are assumed by Linyuan I&S, Shandong I&S, Chongqing I&S, Xinjiang Bayi Steel and Ma'anshan I&S

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Asian iron ore market may show a decline in the 3rd quarter – forecast

Weaker demand from China's steel producers is expected in this period

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China increased steel production by 1.3% y/y in the first half of 2023

In June, Chinese steel production increased by 0.4% y/y and 1.1% m/m. Factories are encouraged by rising product prices

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China increased iron ore imports by 7.7% y/y in January-June

In June, Chinese steelmakers increased the import of iron ore by 7.3% y/y

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India to refrain from duties on certain steel products from China – Reuters

In this way, consumers will be protected, despite the damage to steel producers.

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China increased steel export by 31.3% y/y in January-June

In June, Chinese steel companies shipped 10.1% less steel abroad than in May

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Domestic demand for steel in China will increase in September-October

In the second half of the year, the government is likely to introduce a policy of moderate control

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China’s steel processing plants will maintain high productivity until the end of July – forecast

There is a high level of utilization of blast furnace capacities in the country

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Baosteel to increase iron ore purchases to 100 million tons per year

Currently, the company's annual purchase of this raw material is 80 million tons

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