China

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China reduced the production of iron ore by 1% y/y in 2022

In December, production decreased by 2.4% year-on-year

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Shanghai will ban steel capacity additions in 2023

The use of scrap should increase to 15% by 2025

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Australian coking coal prices continue to rise

Market reports indicate potential interest from Chinese buyers

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Opening China’s economy will help Indian steelmakers

Rise in import prices will increase the production of steel makers in India

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Steel consumption in China in 2022 decreased by 3.3% y/y

The indicator has been decreasing for the second year in a row

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European HRC producers are aiming for further price increases

The trends in the Chinese HRC market will be determined after the holiday period

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Coking coal prices from Australia are rising on expectations that China will resume purchases

In 2016-2020, China imported more than 30 million tons of Australian coking coal per year

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China will face an oversupply of iron ore in 2023

During the year, overall iron ore supply will increase, while demand among steelmakers is likely to decrease

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China cut iron ore imports by 1.5% y/y in 2022

In December 2022, supplies of steel raw materials to the country decreased by 8.1% m/m

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What will be the dynamics of the world economy in 2023

Analysts expect that in 2023 the economies of Asian countries will grow, while the USA and the Eurozone are threatened with recession

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Global rebar prices rise amid renewed demand

Rebar quotations in Turkiye rose by 2.1% in early January, and in China – by 1.4%

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China exhausted six quotas for steel products for EU countries at the beginning of 2023

In 2022, Chinese imports of finished products to Europe amounted to almost 3 million tons

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