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Photo – European CBAM will reduce China’s advantage in steel exports – Goldman Sachs
European CBAM will reduce China’s advantage in steel exports – Goldman Sachs

The introduction of the mechanism could have a serious impact on Chinese steel and aluminum producers

Photo – China’s Baosteel has raised its March prices for hot rolled coils
China’s Baosteel has raised its March prices for hot rolled coils

The price has increased amid increased offers from competitors

Photo – China’s steel industry made a profit of 56.5 billion yuan in 2023
China’s steel industry made a profit of 56.5 billion yuan in 2023

The increase in the indicator was facilitated by the improvement in demand for steel and a low base of comparison

Photo – Utilization of China’s domain capacity grows for the third week in a row
Utilization of China’s domain capacity grows for the third week in a row

More and more factories are completing annual overhauls of blast furnaces

Photo – China increased stainless steel production by 12.6% y/y in 2023
China increased stainless steel production by 12.6% y/y in 2023

During the year, Chinese steelmakers produced 36 million tons of stainless steel

Photo – Emissions in China’s steel industry increased by 7.8% y/y in 2023
Emissions in China’s steel industry increased by 7.8% y/y in 2023

Emissions of sulfur dioxide per ton of steel were 0.21 kg/t, smoke and dust – 0.25 kg/t, nitrogen oxide – 0.42 kg/t

Photo – Baosteel Zhanjiang launches DRI plant with a capacity of 1 million tons per year
Baosteel Zhanjiang launches DRI plant with a capacity of 1 million tons per year

The company became the second in China to operate on Energiron DRI technology

Photo – China increased coking coal imports by 60.6% y/y in 2023
China increased coking coal imports by 60.6% y/y in 2023

In December, this indicator increased by 77.3% year-on-year

Photo – Chinese steelmakers can maintain high work rates during the New Year holidays
Chinese steelmakers can maintain high work rates during the New Year holidays

This will lead to sustained demand for iron ore ahead of the holidays

Photo – Turkiye exhausts part of its import quotas for steel products to the EU for the first quarter
Turkiye exhausts part of its import quotas for steel products to the EU for the first quarter

Quotas for some items have also already been chosen by China and India

Photo – China’s GDP grew by 5.2% in 2023
China’s GDP grew by 5.2% in 2023

This figure is higher than the target set by Beijing for last year

Photo – China produced 1.019 billion tons of steel in 2023
China produced 1.019 billion tons of steel in 2023

The indicator slightly increased compared to 2022 – by 0.6%, ending a two-year downward trend

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