China - Latest news GMK Center

Rise in import prices will increase the production of steel makers in India

The indicator has been decreasing for the second year in a row

The trends in the Chinese HRC market will be determined after the holiday period

In 2016-2020, China imported more than 30 million tons of Australian coking coal per year

During the year, overall iron ore supply will increase, while demand among steelmakers is likely to decrease

In December 2022, supplies of steel raw materials to the country decreased by 8.1% m/m

Analysts expect that in 2023 the economies of Asian countries will grow, while the USA and the Eurozone are threatened with recession

Rebar quotations in Turkiye rose by 2.1% in early January, and in China – by 1.4%

In 2022, Chinese imports of finished products to Europe amounted to almost 3 million tons

Steel exports in 2022 are expected to grow by 1% y/y

An agreement was signed between China's Baowu and SteelAsia in early January

From April 1, 2023, the import duty rate on coking coal will be 3%