China - Latest news GMK Center

The agreement on the creation of a joint venture in the country was signed in May

In the first half of the year, the visible consumption of steel in the country decreased by 3.3% y/y

In the country during the specified period, the volume of steel smelting fell amid decrease in the margins of steel plants

China's growing manufacturing capacity threatens emerging economies

Emissions of sulfur dioxide per ton of steel were 0.2 kg/t, solid particles – 0.21 kg/t, nitrogen oxide – 0.35 kg/t

In June, the indicator increased by 9.9% y/y

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