China

China increased coke imports by 67% y/y in January-September 2022

In September, supplies of coke to the country increased by 41.2% y/y

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The world ferroalloys market sees a decline in demand

Production will be halved in China, and in Europe the energy crisis is pressing on the industry

Залізна руда може подорожчати наступного року через флотський мазут © shutterstock.com
China reduced iron ore imports by 1.7% y/y in January-October 2022

In October 2022, the import of iron ore decreased by 3.7% year-on-year and by 4.75% compared to the previous month

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The European Commission has extended anti-dumping duties on the CRC import from the Russian Federation and China

Chinese suppliers will pay a duty of 19.7-22.1%, and Russian – 18.7-36.1% for another 5 years

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Weak demand for steel in China has hit raw material prices

On October 31, the price of iron ore on the Dalyan Commodity Exchange fell to $83.4/t

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World prices for coking coal remain volatile

Quotations in the Australian market rose on the background of the rainy season, while the Chinese market fell on the background of a weak steel market

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Global rebar prices are falling amid low demand in the construction sector

Quotations of rebar in Turkiye last week fell by 3.6%, in Italy – by 5.5%, in China – by 2.6%

China reduced iron ore imports by 2.3% y/y in January-September 2022

In September, the import of iron ore increased by 4.3% year-on-year and increased by 3.6% compared to the previous month

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China reduced steel production by 3.4% y/y in January-September 2022

Production of finished steel during this period fell by 2.2% y/y, and pig iron – by 2.5% y/y

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An increase in supply in the fourth quarter of 2022 will put pressure on iron ore market

A slowdown in demand for iron ore was observed in the third quarter of 2022

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Global steel demand to decline by 2.3% in 2022 — WorldSteel

Growth by 1% – to 1.814 billion tons is expected in 2023

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Iron ore demand in China did not increase during the peak construction season

Analysts believe that steel prices will be limited by the end of the year

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