China - Latest news GMK Center

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

Based on the results of five months, this indicator increased by 3.4% year-on-year

In May, the indicator increased by 9% y/y

The profits of steelmakers increased slightly thanks to the decrease in prices for raw materials

During the year, the indicator reached 24.5 billion tons, which is 582 million tons more than in 2022

Fujian has already announced a reduction in steel output by 3.5 million tons by 2024

Emissions of sulfur dioxide per ton of steel were 0.19 kg/t, solid particles – 0.2 kg/t, nitrogen oxide – 0.33 kg/t