China - Latest news GMK Center

In this way, consumers will be protected, despite the damage to steel producers.

In June, Chinese steel companies shipped 10.1% less steel abroad than in May

In the second half of the year, the government is likely to introduce a policy of moderate control

There is a high level of utilization of blast furnace capacities in the country

Currently, the company's annual purchase of this raw material is 80 million tons

In January-May 2023, the country increased steel exports by 41% y/y

Considering the market, the coming months are expected to be challenging for the industry

The requirement is related to measures to improve air quality

During June, the indicator grew steadily, reaching 91.98% by the end of the month

In May, China exported a total of 1.77 million tons of HRC

The increase in inventories will be caused by a slowdown in the steel sector

Chinese exports are supported by weak domestic demand and low steel prices