China - Latest news GMK Center

Every year China increases steel capacity while reducing apparent steel consumption

The procedure was initiated following a complaint filed by the European Association of Steel Pipe Manufacturers

The increase in production was mainly contributed by factories in Hebei province

In 2024, domestic production of iron ore concentrate is expected to increase by 5-10 million tons

Sentiment in the real estate market improved due to a number of steps taken by the state

The investigation will last up to 14 months, with the possible introduction of temporary duties after 7-8 months

Analysts expect steel output to rise in May due to improved demand and consumption prospects

The White House notes that these actions are intended to protect the American steel industry

Steel companies are encouraged to increase steel production amid improving earnings

The company also raised offers for some other types of products

Expectations take into account GDP growth targets and the recovery of demand in the manufacturing industry

The country confirmed the further application of tariffs on products from the EU, Great Britain, Japan, South Korea and Indonesia