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China - Latest news GMK Center

Photo – China to cut steel consumption again in 2024 – forecast
China to cut steel consumption again in 2024 – forecast

Return to steel production regulation will change the dynamics of the value chain

Photo – Emissions in China’s steel industry increased by 9.4% y/y in January-March
Emissions in China’s steel industry increased by 9.4% y/y in January-March

Sulphur dioxide emissions per ton of steel amounted to 0.2 kg/t, particulate matter – 0.19 kg/t, nitrogen oxide – 0.34 kg/t

Photo – China’s real estate investments decreased by 9.5% y/y in Q1
China’s real estate investments decreased by 9.5% y/y in Q1

The total area of construction works in January-March decreased by 11.1% year-on-year

Photo – China increased iron ore production by 15.3% y/y in Q1
China increased iron ore production by 15.3% y/y in Q1

In March, the indicator increased by 14.5% y/y

Photo – US steelmakers support Biden’s position on Chinese steel imports
US steelmakers support Biden’s position on Chinese steel imports

Industry associations are concerned about the growth of steel exports from China to world markets

Photo – US President calls for increased duties on steel and aluminum from China
US President calls for increased duties on steel and aluminum from China

This move will affect a small segment of the American market

Photo – China reduced steel production by 1.9% y/y in Q1
China reduced steel production by 1.9% y/y in Q1

In March, steel production fell by 7.8% year-on-year

Photo – China increased steel exports by 31% y/y in Q1
China increased steel exports by 31% y/y in Q1

In three months, Chinese steelmakers shipped 25.8 million tons of steel products abroad

Photo – China’s Baowu Group takes steps to reduce carbon emissions
China’s Baowu Group takes steps to reduce carbon emissions

The enterprises of the group implement relevant projects

Photo – Demand for construction steel is expected to recover in China
Demand for construction steel is expected to recover in China

Growth in April is likely to lag behind last year's levels

Photo – China to finance projects to reduce emissions in industry
China to finance projects to reduce emissions in industry

Projects will receive funding of up to 100 million yuan

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