China - Latest news GMK Center

Beijing is likely to try to reduce economic dependence on the sector

A strategic plan for the use of local raw materials was launched in 2022

Tariffs on Chinese hot-rolled coil will remain in place for at least another 5 years

Annual figures will be strong due to low comparative base

In May, Chinese steelmakers increased the import of iron ore by 6.3% y/y

In May, Chinese steel companies shipped 5.3% more steel abroad than in April

Energiron's technology makes it possible to produce products using more than 60% hydrogen in coke gas

In May, sentiment on the Chinese steel market remained negative

In May, import indicators remain stable

In April, the country's steelmakers faced a sharp drop in steel prices

The company predicts that the second quarter will be better compared to the previous one

In January-April, the indicator decreased by 21.4% y/y