China - Latest news GMK Center

China's continued weak real estate sector is putting downward pressure on steel demand expectations

In July, the country reduced steel production by 9% year-on-year

The main problems are falling steel prices and low demand in the domestic market

Due to weak domestic consumption, local steelmakers direct surpluses to unprotected export markets

Baosteel cut prices for steel coil for September sales by $14/t

Canadian steel and aluminum producers point out that the United States and Mexico have already taken appropriate measures

Aggressive Chinese exports are affecting global steel exports

EAF is intended for a subsidiary of the Chinese steel producer Qian'an Steel

In July, imports increased by 10% y/y and 5.3% m/m

Restrictions of 30.91% will apply to products under HS codes 7225 and 7226

The country's steel sector has been facing a number of problems since the beginning of the year

Industry groups call for Playing Field 2.0 Act to be included in package of laws to protect against unfair imports