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China - Latest news GMK Center

Photo – EU extends anti-dumping measures against corrosion-resistant steel from China
EU extends anti-dumping measures against corrosion-resistant steel from China

The European Commission has decided to maintain the current anti-dumping duties for another five years

Photo – Steel mills in China’s Handan to cut production
Steel mills in China’s Handan to cut production

These measures are related to the need to reduce environmental pollution

Photo – Ukraine – China: balance in iron and steel trade
Ukraine – China: balance in iron and steel trade

Ukraine has the potential to increase iron ore exports to China, but imports of Chinese coated sheets and pipes threaten local producers

Photo – Chinese traders plan to continue steel supplies via the Red Sea
Chinese traders plan to continue steel supplies via the Red Sea

On March 6, a ship carrying Chinese metal products was attacked by the Houthis

Photo – Steel mills in China’s Yunnan province cut production
Steel mills in China’s Yunnan province cut production

Plants are scrambling to avoid losses amid weak demand and rising costs

Photo – China increased steel exports by 32.6% y/y in January-February
China increased steel exports by 32.6% y/y in January-February

In two months, Chinese steelmakers shipped 15.9 million tons of metal products abroad

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

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