China - Latest news GMK Center

Chinese coke plants are trying to increase the prices of their products

The import of rolled steel fell by 44.2% in the first two months

In most world markets, except for the European one, prices for rebar are increasing at the beginning of March 2023

In January-February 2023, the import of iron ore increased by 7.3% y/y

According to the forecast, in 2023, iron ore consumption by Chinese steelmakers will fall by 2.3% y/y

The country has high standards for imported scrap metal

Raw materials markets are waiting for the return of Chinese buyers

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