China - Latest news GMK Center

Steel prices in the country may again reach high levels in November-December 2023

In March, Chinese steelmakers increased steel output by 6.9% y/y

Coking coal prices may be affected by weak demand from China

China is reinforcing this trend by trying to expand exports at reduced prices

The plan should be announced by the end of April 2023

In January-March, Chinese steelmakers imported 294.33 million tons of iron ore

The country's steel plants have not yet shown signs of reducing production

The European market is breaking out of the general trend due to limited supply

Growth is expected in infrastructure-related sectors

China wants to achieve economic growth by 5% in 2023, which will increase demand for steel and can support the steel sector in the world

The trend of increasing pig iron smelting in the country's blast furnaces has been observed for the 10th week in a row