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China - Latest news GMK Center

Photo – ICIT introduced final tariffs on steel wire imports from China
ICIT introduced final tariffs on steel wire imports from China

Anti-dumping measures are applied for a period of 5 years at a rate of 32.6% of the customs value of the goods

Photo – The PMI index in China’s steel industry stabilized at 49.9% in July
The PMI index in China’s steel industry stabilized at 49.9% in July

The index of production in the steel industry increased by 2.6 percentage points during the month

Photo – ICIT introduced final duties on coated rolled steel imports from China
ICIT introduced final duties on coated rolled steel imports from China

The anti-dumping duty will be applied during the next 5 years in the amount of 30.7-48.14% of the customs value

Photo – China increased coking coal imports by 73.7% y/y in January-June
China increased coking coal imports by 73.7% y/y in January-June

In June, Chinese industry imported 7.75 million tons of coking coal

Photo – Profits in China’s industry fell by 8.3% y/y in June
Profits in China’s industry fell by 8.3% y/y in June

In January-June, the indicator decreased by 16.8% in annual terms

Photo – Instability in global construction will lead to a drop in demand for steel – MEPS
Instability in global construction will lead to a drop in demand for steel – MEPS

Industrial and infrastructure projects in global economies cannot compensate for sector weakness

Photo – Baowu Steel received steel production limitation indicators
Baowu Steel received steel production limitation indicators

The market expects that this will soon affect other steel mills

Photo – Emissions in China’s steel industry increased by 3.4% y/y in January-June
Emissions in China’s steel industry increased by 3.4% y/y in January-June

Emissions of sulfur dioxide per ton of steel were 0.21 kg/t, smoke and dust – 0.25 kg/t, nitrogen oxide – 0.41 kg/t

Photo – China’s Tangshan tightened control over steel production cuts
China’s Tangshan tightened control over steel production cuts

Steel enterprises urged to observe restrictions

Photo – World rebar prices remain stable in July
World rebar prices remain stable in July

There is a seasonal slowdown in trade on the market

Photo – China increased iron ore production by 5.7% y/y in the first half of 2023
China increased iron ore production by 5.7% y/y in the first half of 2023

In June, iron ore production increased by 1.8% y/y and 9.7% m/m

Photo – EEC extended anti-dumping duty on Chinese rolled products
EEC extended anti-dumping duty on Chinese rolled products

Duty on China's coated steel to continue for another five years

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