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China - Latest news GMK Center

Photo – China reduced iron ore imports by 3.1% y/y in January-August 2022
China reduced iron ore imports by 3.1% y/y in January-August 2022

In August 2022, the iron ore import decreased by 1.3% y/y and increased by 5.4% compared to the previous month

Photo – Chinese investors to build a steel plant in Saudi Arabia
Chinese investors to build a steel plant in Saudi Arabia

As part of the signed agreement, there is a plan to construct a EAF steel plant

Photo – China reduced iron ore production by 3.3% in January-July
China reduced iron ore production by 3.3% in January-July

Production decreased by 18.7% compared to June

Photo – Steel production in China fell by 6.4% in July
Steel production in China fell by 6.4% in July

The total volume of production was 81.4 million tons

Photo – Chinese Hebei decided to decommission blast furnaces’ work with a volume less than 1 thousand cubic meters
Chinese Hebei decided to decommission blast furnaces’ work with a volume less than 1 thousand cubic meters

Development and Reform Commission introduces "six modernization" tools for provincial iron and steel industry

Photo – The situation around Taiwan undermined US plans for tariffs on Chinese goods
The situation around Taiwan undermined US plans for tariffs on Chinese goods

Officials in Joe Biden's administration are weighing whether to eliminate some tariffs on Chinese goods or, conversely, impose others

Photo – Low carbon prices in Asia prevent emissions cuts in the region – Bloomberg
Low carbon prices in Asia prevent emissions cuts in the region – Bloomberg

Emissions prices and taxes in the region are well below levels estimated to significantly affect polluters

Photo – China increased iron ore imports by 3.1% in July
China increased iron ore imports by 3.1% in July

In the first 7 months of the year, steel import to China decreased by 3.4%

Photo – CISA to set up committee to study iron ore market
CISA to set up committee to study iron ore market

The new structure will be able to coordinate the financial resources of enterprises, state institutions and banks

Photo – Chinese drills around Taiwan could disrupt global supply chains
Chinese drills around Taiwan could disrupt global supply chains

Military exercises are taking place along the busiest sea routes on the planet

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