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China - Latest news GMK Center

Photo – Utilization of China’s blast furnace capacity declined amid maintenance
Utilization of China’s blast furnace capacity declined amid maintenance

The indicator fell for the second week in a row after the previous long rise

Photo – Construction activity in China to support iron ore demand
Construction activity in China to support iron ore demand

Most Chinese steel mills have adequate raw material inventory levels

Photo – Emissions in China’s steel industry increased by 12.4% y/y in January
Emissions in China’s steel industry increased by 12.4% y/y in January

Emissions of sulfur dioxide per ton of steel were 0.19 kg/t, smoke and dust – 0.15 kg/t, nitrogen oxide – 0.30 kg/t

Photo – Utilization of China’s domain capacity increases for the sixth week in a row
Utilization of China’s domain capacity increases for the sixth week in a row

Chinese steelmakers generally did not shut down their blast furnaces during the New Year holidays

Photo – Scrap usage in China’s steel industry lags behind expectations – Morgan Stanley
Scrap usage in China’s steel industry lags behind expectations – Morgan Stanley

The country's goal of achieving a 15% share of steel production in the EAF by 2025 looks somewhat optimistic

Photo – European CBAM will reduce China’s advantage in steel exports – Goldman Sachs
European CBAM will reduce China’s advantage in steel exports – Goldman Sachs

The introduction of the mechanism could have a serious impact on Chinese steel and aluminum producers

Photo – China’s Baosteel has raised its March prices for hot rolled coils
China’s Baosteel has raised its March prices for hot rolled coils

The price has increased amid increased offers from competitors

Photo – China’s steel industry made a profit of 56.5 billion yuan in 2023
China’s steel industry made a profit of 56.5 billion yuan in 2023

The increase in the indicator was facilitated by the improvement in demand for steel and a low base of comparison

Photo – Utilization of China’s domain capacity grows for the third week in a row
Utilization of China’s domain capacity grows for the third week in a row

More and more factories are completing annual overhauls of blast furnaces

Photo – China increased stainless steel production by 12.6% y/y in 2023
China increased stainless steel production by 12.6% y/y in 2023

During the year, Chinese steelmakers produced 36 million tons of stainless steel

Photo – Emissions in China’s steel industry increased by 7.8% y/y in 2023
Emissions in China’s steel industry increased by 7.8% y/y in 2023

Emissions of sulfur dioxide per ton of steel were 0.21 kg/t, smoke and dust – 0.25 kg/t, nitrogen oxide – 0.42 kg/t

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