China - Latest news GMK Center

Energy consumption in the industry decreased by 4.3% y/y during the month

Turkish producers are trying to stimulate demand through discounts

The state buyer urged traders to refrain from purchasing new cargoes

The country has set a GDP growth target of 4.5-5% for 2026

Recent events are already disrupting steel exports from China to the region

Without additional support, the country's economic growth in the first quarter of 2026 is expected to be weak

In the EU, purchasing activity is held back by the availability of stocks built up prior to the full implementation of the CBAM

This move is likely to slow down the seasonal accumulation of steel product stocks

Government officials concerned about potential impact of price on federal budget

The company's CFO sees no need to reduce US Steel's capacity

The measures, which will remain in place for five years, apply to cold-rolled and hot-dip galvanized steel products

At the beginning of the year, there was limited supply of Australian raw materials on the market