China

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Steel exports from China exceeded 100 million tons in January-November

Annual export volumes are expected to exceed the 2015 record of 110 million tons

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China collects feedback on project to measure emissions in steel industry

The country plans to expand the national carbon market by the end of 2024

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Canada expects $71 million in annual revenue from tariffs on Chinese steel and aluminum

The new tariffs should compensate for the losses from cheap Chinese imports, promoting the development of local producers

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Chinese steelmakers cut losses in January-October amid economic incentives

In general, the situation in the industry has revived somewhat in recent months

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China increased iron ore production by 2.8% y/y in January-October

In October, the indicator fell by 4.1% y/y

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Real estate investment in China fell by 10.3% y/y in January-October

Sales of real estate by area decreased by 15.8% year-on-year in 10 months

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China increased steel production by 6.2% m/m in October

In January-October, the company's production decreased by 3% y/y

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ArcelorMittal and China Oriental set up an electric steel plant in China

Companies are joining forces to produce electrical steel in China, investing in modern technology and environmentally friendly materials

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BASIC countries insist on discussing European CBAM

China, Brazil, South Africa and India requested that the topic be included in the COP29 agenda

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Potential Trump tariffs will affect China’s indirect steel exports

12.78 million tons of indirect steel exports from China will be at risk

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Global mining companies confident in Chinese ore demand

Rio Tinto notes that demand is shifting to higher quality raw materials

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