icon

China - Latest news GMK Center

Photo – Emissions in China’s steel industry increased by 5.2% y/y in January-August
Emissions in China’s steel industry increased by 5.2% y/y in January-August

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

Photo – China’s steel exports in the IV quarter will depend on the level of production
China’s steel exports in the IV quarter will depend on the level of production

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

Photo – Brazilian steelmakers are calling for higher import duties on steel
Brazilian steelmakers are calling for higher import duties on steel

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

Photo – Industrial production in China increased by 4.5% y/y in August
Industrial production in China increased by 4.5% y/y in August

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

Photo – China increased iron ore production by 7% y/y in January-August
China increased iron ore production by 7% y/y in January-August

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

Photo – China calls on the EU to ensure that CBAM complies with WTO rules
China calls on the EU to ensure that CBAM complies with WTO rules

China also asks Europe to avoid creating protectionist measures

Photo – Steel production in China decreased by 4.8% m/m in August
Steel production in China decreased by 4.8% m/m in August

Chinese steelmakers increased steel output by 2.6% y/y in January-August

Photo – Players of the European HRC market are worried about the future influx of imports
Players of the European HRC market are worried about the future influx of imports

Quotas for the IV quarter are likely to be filled in early October, which will affect prices in the EU

Photo – Ulanhot Steel launches a new blast furnace at a plant in northern China
Ulanhot Steel launches a new blast furnace at a plant in northern China

The capacity of the unit is estimated at 1.13 million tons of pig iron per year

Photo – Chinese steel exports could reach 90 million tons in 2023
Chinese steel exports could reach 90 million tons in 2023

These volumes are approximately 30% more than in 2022

Photo – China increased iron ore imports by 10.6% y/y in August
China increased iron ore imports by 10.6% y/y in August

For 8 months, the volume of raw material imports increased by 7.4% y/y

Photo – China increased the export of steel products by 28.4% y/y in January-August
China increased the export of steel products by 28.4% y/y in January-August

In August, Chinese steel companies shipped 13.3% more steel abroad than in July

1 42 43 44 45 46 65