China

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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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China reduced steel production by 2.2% y/y in 2022 — CISA

Steel exports in 2022 are expected to grow by 1% y/y

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China may invest up to $2 billion in Philippines to revive steel industry

An agreement was signed between China's Baowu and SteelAsia in early January

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China revised the import duty on coking coal

From April 1, 2023, the import duty rate on coking coal will be 3%

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China reduced iron ore production by 0.5% in January-November 2022

Production increased by 9.4% compared to October

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World prices for scrap stabilized against the background of stable orders – $387/t

In the week of December 19-26, 2022, scrap quotations in Turkiye were adjusted by $1/t – to $386-387/t

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