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China - Latest news GMK Center

Photo – Iron ore prices fluctuate amid uncertainty in China
Iron ore prices fluctuate amid uncertainty in China

The market is concerned about the state of the real estate sector in the country

Photo – China can bring steel to its carbon market by 2025
China can bring steel to its carbon market by 2025

Currently, the country is discussing the structure of emissions reporting

Photo – China reduced iron ore imports by 2.1 m/m in July
China reduced iron ore imports by 2.1 m/m in July

For seven months, the volume of raw material imports increased by 6.9% y/y

Photo – China’s steel market remains under pressure due to stockpiles
China’s steel market remains under pressure due to stockpiles

Strong production and weak demand remain in the country

Photo – CISA proposes to abolish overnight steel futures trading
CISA proposes to abolish overnight steel futures trading

The proposal is designed to improve the market price formation mechanism

Photo – China’s scrap shortage is expected to increase in August
China’s scrap shortage is expected to increase in August

The demand for scrap in August will remain at the level of more than 13 million tons

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

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