China - Latest news GMK Center

The global market for this raw material remains stable for now amid rising energy prices

Over the past six months, Beijing has gradually tightened restrictions on the company's cargo shipments amid a contract dispute

Imports of steel products fell by 21.7% y/y during the period

The announced increase amounts to $29/t

High-tech industries, infrastructure, and green transition will be the market drivers

Energy consumption in the industry decreased by 4.3% y/y during the month

Turkish producers are trying to stimulate demand through discounts

The state buyer urged traders to refrain from purchasing new cargoes

The country has set a GDP growth target of 4.5-5% for 2026

Recent events are already disrupting steel exports from China to the region

Without additional support, the country's economic growth in the first quarter of 2026 is expected to be weak

In the EU, purchasing activity is held back by the availability of stocks built up prior to the full implementation of the CBAM