China - Latest news GMK Center

Volumes of new construction for 11 months fell by 21.2% y/y

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

Currently, quotations have lost momentum for growth, logistical problems may become the impetus for growth

The country has published an action plan for sustainable improvement of air quality

Demand will be stimulated by industrial production and investments

In November, Chinese steel companies shipped 3.2% more steel abroad than in October

China is resisting Europe's CBAM, which could affect broader issues

The decrease in the indicator was mainly due to maintenance stops

The annual capacity of Shangang steel smelting is more than 30 million tons per year

Estimates were raised amid expectations of increased demand in China

Such indicators are expected against the background of the expansion of foreign markets

This can become the main means of balancing supply and demand