China - Latest news GMK Center

The deal amounted to 4.26 billion yuan ($630 million)

Declining steel production is a new global trend

Against the backdrop of the development of electric steelmaking in the country, scrap processing capacities will increase by 30 million tons

The Purchasing Managers' Index expectations in the steel industry in China in July fell by another 3.2 percentage points.

Also, a number of enterprises for the same reasons stopped their blast furnaces

During the same period, the company's operating revenue amounted to $73.6 billion.

In June, the supply of raw materials to the country increased by 20.5%

This forecast is based on the crisis in the Chinese real estate market

Anti-dumping duty rates vary from 37.3% to 46.3% for companies from different countries

Discounts on raw materials from Russian sellers attract Chinese consumers

The production of finished steel fell by 4.6% in the first half of the year, and pig iron – by 4.7%

No expectations for significant improvements in July too