China - Latest news GMK Center

The Commission extended the duties on seamless stainless steel pipes from China until the review is completed

Energy consumption in the industry decreased by 4.5% y/y during the month

The strategy involves controlling new supply and reducing existing supply

The agency forecasts a 4.5% decline in steel production in China next year

The duty of $223.82/ton will be in effect for 5 years

The Ministry of Trade notes that the move complies with WTO rules

Ferroalloy production increased by 5.8% y/y during the period

Production fell below 70 million tons, with a 4% year-on-year decline over 11 months

Pig iron, semi-finished products, flat and long rolled products, as well as pipes and rail products are subject to control

The increase amounted to $14/t and was the first since September

The state trader also established an international trading company

The organization expects domestic steel demand to fall by 2% in 2025