China

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Apparent steel consumption in China decreased by 6.2% y/y over 9 months

The industry association calls on the country's steel plants to be disciplined in limiting production

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Iron ore imports to China may reach a record in October

The country is likely to import up to 120 million tons of this raw material during this period

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Emissions in China’s steel industry increased by 4.2% y/y in January-August

Emissions of sulfur dioxide per ton of steel were 0.19 kg/t, solid particles – 0.21 kg/t, nitrogen oxide – 0.34 kg/t

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China will reduce steel exports to 90-100 million tons in 2025 – analysts

In 2024, the indicator is expected to be at the level of 110 million tons

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Real estate investment in China fell by 10.1% y/y in January-September

Real estate sales by area decreased by 17.1% y/y over 9 months

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China reduced steel production by 1.1% m/m in September

In January-September, production decreased by 3.6% y/y

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Steel and scrap prices in Asia may rise in Q4 – forecast

Economic incentives from Beijing and rising demand may contribute to this

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China should use a number of levers to accelerate steel industry green transition– CBI

Nearly 80% of China's coal-fired blast furnaces will need to be closed or reinvested by 2030

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Goldman Sachs improved forecasts for China’s economic growth

Analysts expect China's GDP to grow by 4.9% in 2024

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China may become the leading producer of green steel by 2030 – forecast

The country's competitive advantages are renewable electricity and green hydrogen production capabilities

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Baosteel has raised HRC prices for sales in November

This step is due to the increase in steel prices in the country

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