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China - Latest news GMK Center

Photo – China is increasing its capacity to produce iron ore concentrate
China is increasing its capacity to produce iron ore concentrate

From 2022, the volume of additional capacities amounted to 50 million tons

Photo – China’s steel industry needs innovation to increase efficiency – experts
China’s steel industry needs innovation to increase efficiency – experts

Such steps will help the industry to achieve qualitative growth

Photo – Iron ore prices should return to a reasonable range – Baosteel
Iron ore prices should return to a reasonable range – Baosteel

The Chinese steel producer called for a joint cooling of speculation on the raw material market

Photo – Global market for ferroalloys is experiencing a decline in prices
Global market for ferroalloys is experiencing a decline in prices

China falls out of the general trend, where ferrochrome prices stabilized at $1158-1185/t on the domestic market

Photo – Investments in real estate in China decreased by 9.3% y/y in January-October
Investments in real estate in China decreased by 9.3% y/y in January-October

The total construction area decreased by 7.3% in 10 months

Photo – China’s Baosteel has raised prices for steel coils by 100 yuan per ton
China’s Baosteel has raised prices for steel coils by 100 yuan per ton

This decision reflects growing demand and the need to replenish stocks

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

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