China - Latest news GMK Center

Chinese steelmakers are restocking despite uncertainty about steel demand

Real estate sales by area in the first half of the year decreased by 19% year-on-year

In June, the country increased steel production by 0.2% year-on-year

During this period, the import of steek products decreased by 3.3% y/y

The move is likely a response to low demand

The country is accelerating the transition to sustainable steel as the full launch of CBAM approaches

The country maintains the goal of reducing CO2 emissions in the steel industry by 40% in 2040

Steelmakers continue to reduce production volumes amid falling steel consumption

The market expects further steps on economic stimulation

This situation threatens the jobs and activities of regional producers

Some steel plants have started maintenance of large blast furnaces

Leading steel companies are calling for an increase in import duties