China

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World coking coal prices fell slightly amid high supply

Coking coal quotations for the week of March 6-13, 2023, in Australia decreased by 1.4%, and in China – by 0.6%

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China increased steel production by 5.6% in January-February 2023

China's steelmakers are increasing steel production as they expect demand for products to pick up in March

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China plans to reduce coking coal consumption by 20-25% by 2030

The share of steel produced by electric arc furnaces will increase to 22% by 2030

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China’s coke plants intend to cut production by 30%

Chinese coke plants are trying to increase the prices of their products

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China increased the export of rolled products by 49% y/y in January-February 2023

The import of rolled steel fell by 44.2% in the first two months

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World rebar prices are adjusting after the earthquake in Turkiye

In most world markets, except for the European one, prices for rebar are increasing at the beginning of March 2023

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China’s raw materials market shows potential to accelerate in 2023

In January-February 2023, the import of iron ore increased by 7.3% y/y

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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

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