China - Latest news GMK Center

In January–March, production totaled 241.8 million tons

Energy consumption by companies in the sector fell by 4% y/y, while the share of self-generated power rose to 65%

The details of the agreements have not been disclosed, so it is difficult for the market to assess their scope at this time

The decline in construction has slowed, but demand for steel remains under pressure due to a weak market

The imbalance between ample supply and weak demand for steel continues to grow

Rising costs and weak demand have limited production, and March was the worst month for the industry since 2020

Specifically, this involves adjusting export strategies

In January–March, these volumes totaled 24.71 million tons

Rising production at Chinese mines is putting pressure on the local market

The announced increase is $15 per ton

This move comes amid an ongoing contract dispute with the mining company

The project is expected to create 2,500 jobs