steel export
Baosteel’s steel exports to exceed 5 million tons in 2023

Such indicators are expected against the background of the expansion of foreign markets
India became a net importer of steel in October

During the month, the country imported 570,000 tons of steel, which is 4% less compared to October 2022
CBAM implementation can increase the value of Bharat’s exports by 20-35%

A country can oppose the mechanism or work with it within the framework of its own initiatives
The prospects for a steel agreement between the EU and the US remain uncertain

According to the sources, the parties did not reach a breakthrough ahead of the October 20 summit
Turkish steelmakers expect competition from the Persian Gulf countries

It is difficult for Turkish producers to compete with the region's steelmakers due to higher costs
Turkiye increased rebar exports by 12.1% m/m in August

Shipments fell by 35.8% year-on-year
The importance of the African market is growing for Turkish steelmakers

The country's steel producers are concentrating on alternative directions to compensate for the losses
China increased exports of steel products by 31.8% y/y in January-September

In September, Chinese steel companies shipped 2.6% less steel abroad than in August
The implementation of CBAM carries the risks of the emergence of two parallel markets – expert

According to experts, it may be about the market of ecological steel from the EU and the consumer market outside Europe
EU and the US seek to conclude a temporary steel agreement

In this way, the parties try to prevent the return of mutual duties
Limitation of steel production in China will support global steel industry – ArcelorMittal CEO

The situation will also be affected by China's demands to open new capacities and protective trade measures
China’s steel exports in the IV quarter will depend on the level of production

Another key point is the impact of the future implementation of CBAM

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