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China - Latest news GMK Center

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

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

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