China

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Steel exports from China may grow by 10% in 2023

In January-May 2023, the country increased steel exports by 41% y/y

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Chinese real estate sector hopes for support from the authorities

Considering the market, the coming months are expected to be challenging for the industry

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China’s Tangshan calls on steel mills to cut production in July

The requirement is related to measures to improve air quality

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China’s blast-furnace capacity utilization reaches yearly high

During June, the indicator grew steadily, reaching 91.98% by the end of the month

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Turkiye became the largest buyer of Chinese hot-rolled steel in May

In May, China exported a total of 1.77 million tons of HRC

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Iron ore reserves in China will grow in the second half of the year – forecast

The increase in inventories will be caused by a slowdown in the steel sector

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Steel exports from China will rise to a 7-year high in 2023 – forecast

Chinese exports are supported by weak domestic demand and low steel prices

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The level of export prices on the global steel market decreased in June

Chinese producers maintain a price advantage, India cannot withstand competition with China

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The profits of China’s steel industry fell by 20% y/y in May

Negative indicators of Chinese steelmakers prompt them to reduce production volumes, which will reduce export opportunities and pressure on world markets

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UK will continue anti-dumping measures on thick sheet steel from China

The withdrawal of these measures could harm British producers, the TRA found

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ERG will jointly develop HBI production in Kazakhstan with Baowu

The project is expected to be implemented in two phases

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