China - Latest news GMK Center

Chinese producers maintain a price advantage, India cannot withstand competition with China

Negative indicators of Chinese steelmakers prompt them to reduce production volumes, which will reduce export opportunities and pressure on world markets

The withdrawal of these measures could harm British producers, the TRA found

Steel prices rise despite low demand

The project is expected to be implemented in two phases

In May, Chinese industry imported 6.72 million tons of coking coal

An increase in exports may occur amid a decrease in demand for steel in the domestic market

Unfavorable weather slowed down work at a number of construction sites

In January-May, iron ore production increased by 6.5% y/y

The European market is under pressure from import proposals, steel producers in China are waiting for further steps from the government

Since the beginning of the year, the indicator of industrial production in the steel sector has increased by 5% y/y

In May, Chinese steelmakers reduced their steel output by 7.3% y/y