China - Latest news GMK Center

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

The increase in infrastructure investment and the improvement in the real estate situation are already having an impact on iron ore imports

The total capacity of the new blast furnaces will be approximately 4.4 million tons per year

Coking coal quotations for the week of March 6-13, 2023, in Australia decreased by 1.4%, and in China – by 0.6%

China's steelmakers are increasing steel production as they expect demand for products to pick up in March

The share of steel produced by electric arc furnaces will increase to 22% by 2030