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China - Latest news GMK Center

Photo – Vale and China’s CSU establish hydrogen steel industry laboratory
Vale and China’s CSU establish hydrogen steel industry laboratory

The Brazilian company donated $5.81 million to the laboratory

Photo – CBAM will increase the export value of Chinese steel products by 4-6%
CBAM will increase the export value of Chinese steel products by 4-6%

Chinese experts see green transformation of steel industry as key to industry growth

Photo – China will continue to regulate steel production in 2024
China will continue to regulate steel production in 2024

The state planner did not specify the timing or scope of the restrictions

Photo – Chinese steelmakers urge authorities to limit steel production
Chinese steelmakers urge authorities to limit steel production

15 major producers of long products expect the government to act to curb the fall in steel prices

Photo – Iron ore prices fell to an 11-month low in March
Iron ore prices fell to an 11-month low in March

Iron ore supply on the market exceeds demand

Photo – CISA calls on Chinese steel mills to reduce capacity utilization
CISA calls on Chinese steel mills to reduce capacity utilization

The industry association suggests planning production based on steel sales

Photo – Trading activity in the European ferroalloy market remains slow
Trading activity in the European ferroalloy market remains slow

Buyers are putting pressure on ferrochrome prices, while enquiries for ferrosilicon were few and far between

Photo – Exporting countries have almost exhausted EU quotas for the first quarter for some items
Exporting countries have almost exhausted EU quotas for the first quarter for some items

Quotas on imports of long products by some countries have actually been selected despite weak consumption in the EU

Photo – Green construction in China will boost domestic demand for green steel
Green construction in China will boost domestic demand for green steel

The country sets new targets for carbon emissions reduction and energy saving in the construction industry

Photo – Emissions in China’s steel industry increased by 13% y/y in January-February
Emissions in China’s steel industry increased by 13% y/y in January-February

Sulphur dioxide emissions per ton of steel amounted to 0.19 kg/t, smoke and dust – 0.20 kg/t, nitrogen oxide – 0.35 kg/t

Photo – Violations in the import of Chinese pipes harm the Spanish industry – Unesid
Violations in the import of Chinese pipes harm the Spanish industry – Unesid

Industry association estimates losses for the country's economy at €55 million in 2023

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