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China - Latest news GMK Center

Photo – China reduced steel production by 3.7% m/m in October
China reduced steel production by 3.7% m/m in October

Steel production in the country has been falling for the fourth month in a row

Photo – China increased exports of steel products by 34.8% y/y in January-October
China increased exports of steel products by 34.8% y/y in January-October

In October, Chinese steel companies shipped 1.5% less steel abroad than in September

Photo – Prices for construction steel in China will continue to rise in November – forecast
Prices for construction steel in China will continue to rise in November – forecast

At the same time, the production of these products may fall due to seasonal factors

Photo – Chinese steelmakers see CBAM as a new trade barrier
Chinese steelmakers see CBAM as a new trade barrier

CISA called for further negotiations with the EU on climate issues

Photo – World trade in coking coal will grow by 7-8% in 2023 – forecast
World trade in coking coal will grow by 7-8% in 2023 – forecast

This will be facilitated by a slight increase in the volume of global production of pig iron

Photo – World iron ore exports increased by more than 2% year-on-year in January-September
World iron ore exports increased by more than 2% year-on-year in January-September

The indicator increased amid slight increase in steel production in China

Photo – China’s steel industry PMI fell to 45.6% in October
China’s steel industry PMI fell to 45.6% in October

The production index in the steel industry decreased by 1.6 percentage points for the month

Photo – The Chinese province of Hubei has issued a plan for the modernization of steel industry
The Chinese province of Hubei has issued a plan for the modernization of steel industry

The plan defines the strategy for the development of the steel industry in the region for the next two years

Photo – A slight reduction in steel production in China is not able to support the market
A slight reduction in steel production in China is not able to support the market

The decline in the profitability of steel production in the country may continue until the end of 2023

Photo – China’s Tangshan introduces air pollution controls
China’s Tangshan introduces air pollution controls

These measures may affect the work of steel enterprises

Photo – Steel prices in China will fluctuate in the near term
Steel prices in China will fluctuate in the near term

Currently, there is a balance between supply and demand on the market

Photo – Emissions in China’s steel industry increased by 6.6% y/y in January-September
Emissions in China’s steel industry increased by 6.6% y/y in January-September

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

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