China - Latest news GMK Center

In September, supplies of coke to the country increased by 41.2% y/y

Production will be halved in China, and in Europe the energy crisis is pressing on the industry

In October 2022, the import of iron ore decreased by 3.7% year-on-year and by 4.75% compared to the previous month

Chinese suppliers will pay a duty of 19.7-22.1%, and Russian – 18.7-36.1% for another 5 years

On October 31, the price of iron ore on the Dalyan Commodity Exchange fell to $83.4/t

Quotations in the Australian market rose on the background of the rainy season, while the Chinese market fell on the background of a weak steel market

Quotations of rebar in Turkiye last week fell by 3.6%, in Italy – by 5.5%, in China – by 2.6%

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