China - Latest news GMK Center

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

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