China - Latest news GMK Center

About 72% of steelmaking facilities under construction in the world are blast furnaces

Quotations of steel products are likely to fall by the end of the year despite the government's efforts to support the industry

The demand for steel in China is one of the main factors influencing the prices of steel products in the world

The Chinese market will remain weak until the end of the first quarter of 2023

Production restrictions during the winter season may further affect import volumes

Due to this, the sector intends to increase control over the prices of raw materials and strengthen the decarbonization of industry

Quotations of coking coal for the week of November 4-11, 2022 on the Australian market fell by 11%, and on the Chinese market – by 0.7%

Weak demand from the real estate and construction sectors will continue to put pressure on prices

The volume of iron ore imports this year will be lower than in 2021

The investigation was initiated by the Spanish rolling company Laminados Losal

During this period, the production of steel products fell by 1.4% y/y, and pig iron – by 1.2% y/y

Italian producers raise prices, and Turkish producers are forced to lower quotations