China - Latest news GMK Center

Steel plants announce equipment maintenance and limit shipments

The mechanism could help US companies bypass Chinese competitors in the European market

In October, industry indicators are likely to decline amid a slowdown in steel production

Several leading Chinese steel mills have delegated all urgent procurement to China Mineral Resources Group

The steel sector is aiming to peak carbon emissions by 2030

The situation will also be affected by China's demands to open new capacities and protective trade measures

Emissions of sulfur dioxide per ton of steel were 0.19 kg/t, smoke and dust – 0.24 kg/t, nitrogen oxide – 0.39 kg/t

Another key point is the impact of the future implementation of CBAM

The industry demands an increase in the tax on steel imports from the current 9.6-12.8% to 25%

Production in the mining sector increased by 2.3% y/y

In August, this indicator increased by 1.3% year-on-year and by 0.7% month-on-month

China also asks Europe to avoid creating protectionist measures