China

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China’s increased use of scrap is offsetting demand for iron ore — MPI

According to the forecast, in 2023, iron ore consumption by Chinese steelmakers will fall by 2.3% y/y

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China aims to increase the use of scrap in steel production

The country has high standards for imported scrap metal

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China’s iron ore consumption to decline in the medium term — BHP

Raw materials markets are waiting for the return of Chinese buyers

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Prices for ferroalloys in Europe increased in early February 2023

Indian producers of ferrochrome are seeing good demand from European countries

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China’s steel industry has an upward trend in 2023

The forecast is based on the best prospects of the industries that are the largest consumers of steel

metinvest.media
China has cut imports of finished steel to a 30-year low in 2022

In 2022, the country imported 10.57 million tons of steel, which is 25.9% less y/y

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The consumption of scrap in China will remain stable

The import of scrap to the country fell by 4% y/y last year

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China’s steel plants took up high production rates after the holidays

The country's steelmakers hope for an improvement in domestic demand

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European CBAM will accelerate decarbonization in China

China's national ETS currently only covers the energy sector

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China iron ore prices adjust amid government price controls

Iron ore futures on the Dalian Exchange for the week of January 27 – February 3, 2023, fell by 1.2% compared to the previous week

bloomberg
Chinese steelmakers’ revenues in 2022 fell by 91.3% y/y

In the sector of ferrous metal ores extraction and beneficiation, revenues decreased by 22% y/y

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The global rebar market in January 2023 was marked by a slowdown

European producers have not managed to increase prices, and the Asian market is defined with trends

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