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Photo – Recovery in global steel prices keeps weak demand in Asia
Recovery in global steel prices keeps weak demand in Asia

The Chinese market will remain weak until the end of the first quarter of 2023

Photo – China cut iron ore imports from Brazil and Australia in October 2022
China cut iron ore imports from Brazil and Australia in October 2022

Production restrictions during the winter season may further affect import volumes

Photo – China to increase the consolidation of the steel industry
China to increase the consolidation of the steel industry

Due to this, the sector intends to increase control over the prices of raw materials and strengthen the decarbonization of industry

Photo – Prices for coking coal have decreased at the beginning of November
Prices for coking coal have decreased at the beginning of November

Quotations of coking coal for the week of November 4-11, 2022 on the Australian market fell by 11%, and on the Chinese market – by 0.7%

Photo – The decline in steel production in China will continue until the end of 2022
The decline in steel production in China will continue until the end of 2022

Weak demand from the real estate and construction sectors will continue to put pressure on prices

Photo – The rise in iron ore prices in China is driven by market sentiment
The rise in iron ore prices in China is driven by market sentiment

The volume of iron ore imports this year will be lower than in 2021

Photo – The EU initiates an anti-dumping investigation about bars from Turkiye and China
The EU initiates an anti-dumping investigation about bars from Turkiye and China

The investigation was initiated by the Spanish rolling company Laminados Losal

Photo – China reduced steel production by 2.2% y/y in January-October 2022
China reduced steel production by 2.2% y/y in January-October 2022

During this period, the production of steel products fell by 1.4% y/y, and pig iron – by 1.2% y/y

Photo – The demand for rebar on the world market remains unstable
The demand for rebar on the world market remains unstable

Italian producers raise prices, and Turkish producers are forced to lower quotations

Photo – China increased coke imports by 67% y/y in January-September 2022
China increased coke imports by 67% y/y in January-September 2022

In September, supplies of coke to the country increased by 41.2% y/y

Photo – The world ferroalloys market sees a decline in demand
The world ferroalloys market sees a decline in demand

Production will be halved in China, and in Europe the energy crisis is pressing on the industry

Photo – China reduced iron ore imports by 1.7% y/y in January-October 2022
China reduced iron ore imports by 1.7% y/y in January-October 2022

In October 2022, the import of iron ore decreased by 3.7% year-on-year and by 4.75% compared to the previous month

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