China

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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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Emissions in China’s steel industry increased by 4.3% y/y in January-July

Emissions of sulfur dioxide per ton of steel were 0.18 kg/t, solid particles – 0.20 kg/t, nitrogen oxide – 0.34 kg/t

danieli.com
6 electric arc furnaces from Danieli launched in China in the last 2 months

Zerobucket EAF was put into operation at Qiananshi Jiujiang, Zhejiang Yuxin, Heyuan Derun, Baoshan I&S and Baosteel Xinyu plants

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China’s steel exports provoke increased protectionism in the world

There are no signs of easing tensions in the global steel trade in the near term

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China reduced steel production by 3.3% y/y in January-August

In August, the country reduced steel production by 10.4% year-on-year

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India has extended countervailing duties on pipes from China and Vietnam

The safeguard measure for these products will remain in effect for another five years

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China’s carbon market expansion may have limited impact in the first phase

According to experts, a relatively low bar has been set for companies

Reuters
China increased steel exports by 21.3% m/m in August

Low domestic sales and fears of an increase in trade conflicts in the future contributed to the hyped sales

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China to add steel and aluminium to carbon market in late 2024

Reducing emissions could soften the blow from Europe's CBAM

metipol.ua
Turkey should protect the market from Chinese steel as soon as possible – TCUD

Imports of Chinese steel into the country continue to grow exponentially

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