China - Latest news GMK Center

The volume of steel production in the current year will not exceed the level of 2022

Steel companies in the region account for 21.7% of steel production in China

Sulfur dioxide emissions per ton of steel amounted to 0.21 kg/t, smoke and dust – 0.25 kg/t, nitrogen oxide – 0.40 kg/t

The aggregate profit of large and medium-sized enterprises in China during this period decreased by 15.5% y/y

The main factor in the reduction of the indicator is a decrease in supplies from the Russian Federation and Canada

This indicator increased by 6.5% year-on-year in January-July

Chinese steel mills buy raw materials as needed, their demand remains restrained

This trend will affect the eastern and central regions of the country the most

China, Türkiye, South Korea and India have become the beneficiaries of sanctions against Russian long products

The market is worried about the uncertainty with production restrictions

Compared to June, steel production decreased by 0.34%.

A large state-owned factory in Shandong province received a verbal order