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Photo – China exhausted six quotas for steel products for EU countries at the beginning of 2023
China exhausted six quotas for steel products for EU countries at the beginning of 2023

In 2022, Chinese imports of finished products to Europe amounted to almost 3 million tons

Photo – China reduced steel production by 2.2% y/y in 2022 — CISA
China reduced steel production by 2.2% y/y in 2022 — CISA

Steel exports in 2022 are expected to grow by 1% y/y

Photo – China may invest up to $2 billion in Philippines to revive steel industry
China may invest up to $2 billion in Philippines to revive steel industry

An agreement was signed between China's Baowu and SteelAsia in early January

Photo – China revised the import duty on coking coal
China revised the import duty on coking coal

From April 1, 2023, the import duty rate on coking coal will be 3%

Photo – China reduced iron ore production by 0.5% in January-November 2022
China reduced iron ore production by 0.5% in January-November 2022

Production increased by 9.4% compared to October

Photo – World prices for scrap stabilized against the background of stable orders – $387/t
World prices for scrap stabilized against the background of stable orders – $387/t

In the week of December 19-26, 2022, scrap quotations in Turkiye were adjusted by $1/t – to $386-387/t

Photo – The revenues of Chinese steelmakers for the 11 months of 2022 fell by 94.5% y/y
The revenues of Chinese steelmakers for the 11 months of 2022 fell by 94.5% y/y

In the sector of mining and beneficiation of ferrous metals, profits decreased by 27.6% y/y

Photo – China increased coking coal imports by 21.5% in January-November 2022
China increased coking coal imports by 21.5% in January-November 2022

In November 2022, supplies of coking coal to the country decreased by 25.96% y/y

Photo – Steel prices in China in 2023 will depend on the level of demand
Steel prices in China in 2023 will depend on the level of demand

In January-November 2022, the volume of steel production in the country fell by 1.4% y/y

Photo – World scrap prices are rising again after a week of stabilization
World scrap prices are rising again after a week of stabilization

In the week of December 12-19, 2022, scrap quotations in Turkiye increased by $5/t – to $382-388/t

Photo – China’s new state agency will become a powerful buyer of iron ore
China’s new state agency will become a powerful buyer of iron ore

CMRG consolidates raw material purchases of about 20 of the largest Chinese steel producers

Photo – China reduced steel production by 1.4% y/y in January-November 2022
China reduced steel production by 1.4% y/y in January-November 2022

During this period, the production of steel products fell by 0.7% y/y, and pig iron – by 0.4% y/y

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