China

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US imposes 104% tariffs on imports from China

Duties at this rate will be charged from April 9

Chinese steel market: consequences of the «great leap»

China's metallurgy will continue to face systemic problems this year

China announces additional 34% tariffs on US goods

The duty will be introduced on April 10

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China tightens steel export rules

The new regulations are aimed at ensuring compliance with the tax legislation

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China’s Ansteel suffered a loss of almost $1 billion in 2024

Last year, the country's steelmakers faced a further deterioration in market conditions

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China introduces new environmental restrictions for industrial giants

Beijing announces expansion of emissions trading system to cover more than 60% of the country's CO2

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A number of Chinese steelmakers have started to cut production

This comes amid the government's announcement of the following steps

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Emissions in China’s steel industry increased by 3.3% y/y in February

Energy consumption in the industry decreased by 3.1% y/y during the month

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Chinese steelmakers discuss compensation for closing outdated facilities

Consultations on this issue started at the beginning of the year

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Iron ore production in China fell by 12.6% y/y in January-February

Production volumes amounted to 158.35 million tonnes

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China reduced steel production by 1.5% y/y in January-February

The indicator declined despite an increase in steelmakers' profits and exports of finished products

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