China - Latest news GMK Center

New projects will require more substantial cuts elsewhere

China's largest steel-producing province also plans to develop more than 30 new products

The country's pig iron production fell by 3.1% y/y

The key objective of these measures is to lower the price of hydrogen

The United Kingdom plans to fully nationalize British Steel, which is formally owned by the Chinese company Jingye

The main reason for the price adjustment in June was the rise in costs for raw materials and energy

In April, exports of rolled steel products fell by 9.2% y/y, while ore imports rose by 0.7% y/y

U.S. industry associations are concerned about the negative impact of decisions made by China and Brazil

The company's net profit for the same period fell by 8.6% y/y

The market stabilized following a sharp rise in prices in certain segments in March

Market sentiment depends on how the conflict in the Middle East unfolds

Companies are required to report transactions involving raw materials to the CMRG