China

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China should use a number of levers to accelerate steel industry green transition– CBI

Nearly 80% of China's coal-fired blast furnaces will need to be closed or reinvested by 2030

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Goldman Sachs improved forecasts for China’s economic growth

Analysts expect China's GDP to grow by 4.9% in 2024

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China may become the leading producer of green steel by 2030 – forecast

The country's competitive advantages are renewable electricity and green hydrogen production capabilities

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Baosteel has raised HRC prices for sales in November

This step is due to the increase in steel prices in the country

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The World Bank expects China’s economy to slow down in 2025

China's GDP is expected to grow by 4.8% this year

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China’s steel demand may grow outside the real estate sector

The announcement of measures to stimulate the country's economy led to an increase in prices for key steel products

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Chinese imports affect the profitability of Indian steel companies

Import prices for Chinese steel products are much lower than domestic ones

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China’s large industrial enterprises increased their profits by 0.5% y/y in January-August

In August, this indicator decreased by 17.8% year-on-year

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Iron ore prices rise amid China’s stimulus measures

The Central Bank of the country announced the most powerful package of financial stimulus measures since the beginning of the coronavirus pandemic

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Utilization of domain capacity in China increases for the third week in a row

Domestic steel prices rose in the country, and steel mills were able to make certain profits

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China increased iron ore production by 4.1% y/y in January-August

In August, the indicator fell by 16% y/y

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