China - Latest news GMK Center

In September, the import of iron ore increased by 4.3% year-on-year and increased by 3.6% compared to the previous month

Production of finished steel during this period fell by 2.2% y/y, and pig iron – by 2.5% y/y

A slowdown in demand for iron ore was observed in the third quarter of 2022

Growth by 1% – to 1.814 billion tons is expected in 2023

Analysts believe that steel prices will be limited by the end of the year

In September 2022, China imported 895,000 tons of steel

In August 2022, imports increased by 36.8% year-on-year and by 4.7% compared to the previous month

The country's steelmakers are called to promote investment and development of foreign steel projects

The cost of the project will be $2 billion, the agreement must be approved by the governments of Australia and China

Experts expect steel production in China to rise in September 2022, supporting iron ore prices

The indicators were affected by the Chinese government's desire for decarbonization, lockdowns and problems in the real estate sector

The partial shutdown of the corporation's blast furnaces in Europe will not hinder the expansion of production at its Chinese VAMA plant