China - Latest news GMK Center

Increasing the share of EAFs to 20% by 2030 could also improve the sector’s profitability and sustainability

The key driver is the rise in freight rates linked to the conflict in the Middle East

In January, this figure was the lowest in six years

Energy consumption in the sector decreased by 2.91% y/y

The total floor area of properties under construction decreased by 11.7% y/y

This year's strategy goes beyond mere cost-cutting

Pig iron production fell by 2.7% y/y

The global market for this raw material remains stable for now amid rising energy prices

Over the past six months, Beijing has gradually tightened restrictions on the company's cargo shipments amid a contract dispute

Imports of steel products fell by 21.7% y/y during the period

The announced increase amounts to $29/t

High-tech industries, infrastructure, and green transition will be the market drivers