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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

Photo – Real estate investment in China decreased by 9% y/y in January-February
Real estate investment in China decreased by 9% y/y in January-February

The total area of ​​sold commercial real estate decreased by 20.5% y/y

Photo – Global coking coal prices fall significantly in March
Global coking coal prices fall significantly in March

Demand for raw materials in the Asian market remains weak

Photo – China’s steel associations call for limiting steel production
China’s steel associations call for limiting steel production

In this way, they are trying to stop the rapid decline in prices for finished products

Photo – China increased steel production by 1.6% y/y in January-February
China increased steel production by 1.6% y/y in January-February

The results exceeded market forecasts. Production was expected to fall amid seasonally low demand

Photo – Three Chinese steelmakers plan to upgrade capacity in 2024
Three Chinese steelmakers plan to upgrade capacity in 2024

If approved, the plans will add about 1.52 million tons per year of blast furnace capacity and 1.66 million tons per year of EAF capacity

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