China

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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

Qarmet
Kazakhstan’s Qarmet has signed a number of agreements with Chinese companies

The agreements, in particular, provide for the construction of a plant for the production of high-strength cast iron pipes

asia.nikkei.com
China’s steel exports hit 9-year high in October

Shipments increased by 40.8% y/y and 10.1% m/m

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Scrap consumption in China to fall by 3% y/y in 2024 – analysts

The annual volume of consumption is forecast at the level of 236.4 million tons

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Demand for steel in China’s manufacturing sector to grow in November – forecast

Prices in the current month will remain in a narrow range

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Baosteel produced 13.3 million tons of steel in Q3

For 9 months, the total volume of steel production by the company amounted to 39.61 million tons

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Vale and China’s Jinnan to invest $627 million in Oman processing plant

It is planned that the enterprise will begin operations in 2027

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China’s leading steel mills cut gross profit by 56% y/y in January-September

The operating income of these enterprises during the period decreased by almost 7% on an annual basis

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