China - Latest news GMK Center

Indian producers of ferrochrome are seeing good demand from European countries

The forecast is based on the best prospects of the industries that are the largest consumers of steel

In 2022, the country imported 10.57 million tons of steel, which is 25.9% less y/y

The import of scrap to the country fell by 4% y/y last year

The country's steelmakers hope for an improvement in domestic demand

China's national ETS currently only covers the energy sector

Iron ore futures on the Dalian Exchange for the week of January 27 – February 3, 2023, fell by 1.2% compared to the previous week

In the sector of ferrous metal ores extraction and beneficiation, revenues decreased by 22% y/y

European producers have not managed to increase prices, and the Asian market is defined with trends

In December, production decreased by 2.4% year-on-year

The use of scrap should increase to 15% by 2025

Market reports indicate potential interest from Chinese buyers