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Photo – TEST US port fee proposals to have little effect on China amid healthy bulk ship orders
TEST US port fee proposals to have little effect on China amid healthy bulk ship orders

China's shipbuilding sector remains strong despite proposed US tariffs, leading the industry for the 15th consecutive year in 2024 with 55.7% of global completions and 74.1% of new orders. Chinese shipyards benefit from low labor costs, efficient supply chains, and competitive steel prices, offering vessels at significantly lower costs than US equivalents. High demand for materials and next-gen vessels further reinforces China's dominance in global shipbuilding.

Photo – What is happening in the global pig iron market
What is happening in the global pig iron market

The reduction in the supply of pig iron by Ukraine and Russia led to a global drop in exports by 21% in 2022

Photo – EU automotive sector shows good growth: how will it affect steel consumption
EU automotive sector shows good growth: how will it affect steel consumption

The European automotive industry shows good development dynamics this year

Photo – EU construction industry outlook and its impact on the steel market
EU construction industry outlook and its impact on the steel market

The situation varies by country, but pessimism is observed in the largest EU economies – Germany and France

Photo – European electricity prices fell significantly in May
European electricity prices fell significantly in May

Electricity demand continued to decline in most markets in May 2023

Photo – Prices on the global steel and raw materials market went down
Prices on the global steel and raw materials market went down

Price optimism in the first quarter of 2023 did not find its confirmation in the future

Photo – CBAM is a real challenge for the European steel industry
CBAM is a real challenge for the European steel industry

Ukrainian exporters to the EU should keep abreast of the future details of CBAM implementation as the mechanism is still being developed

Photo – How sanctions affected the Russian steel market
How sanctions affected the Russian steel market

In 2022, steel production in the Russian Federation decreased by 7.2%, and steel consumption – by 5%

Photo – EU steel market is under pressure of limited supplies
EU steel market is under pressure of limited supplies

Problems of local steel plants hinder finding balance between demand and supply

Photo – China can support the development of global steel industry in 2023
China can support the development of global steel industry in 2023

China wants to achieve economic growth by 5% in 2023, which will increase demand for steel and can support the steel sector in the world

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