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Photo – The European Commission has extended anti-dumping duties on the CRC import from the Russian Federation and China
The European Commission has extended anti-dumping duties on the CRC import from the Russian Federation and China

Chinese suppliers will pay a duty of 19.7-22.1%, and Russian – 18.7-36.1% for another 5 years

Photo – Weak demand for steel in China has hit raw material prices
Weak demand for steel in China has hit raw material prices

On October 31, the price of iron ore on the Dalyan Commodity Exchange fell to $83.4/t

Photo – World prices for coking coal remain volatile
World prices for coking coal remain volatile

Quotations in the Australian market rose on the background of the rainy season, while the Chinese market fell on the background of a weak steel market

Photo – Global rebar prices are falling amid low demand in the construction sector
Global rebar prices are falling amid low demand in the construction sector

Quotations of rebar in Turkiye last week fell by 3.6%, in Italy – by 5.5%, in China – by 2.6%

Photo – China reduced iron ore imports by 2.3% y/y in January-September 2022
China reduced iron ore imports by 2.3% y/y in January-September 2022

In September, the import of iron ore increased by 4.3% year-on-year and increased by 3.6% compared to the previous month

Photo – China reduced steel production by 3.4% y/y in January-September 2022
China reduced steel production by 3.4% y/y in January-September 2022

Production of finished steel during this period fell by 2.2% y/y, and pig iron – by 2.5% y/y

Photo – An increase in supply in the fourth quarter of 2022 will put pressure on iron ore market
An increase in supply in the fourth quarter of 2022 will put pressure on iron ore market

A slowdown in demand for iron ore was observed in the third quarter of 2022

Photo – Global steel demand to decline by 2.3% in 2022 — WorldSteel
Global steel demand to decline by 2.3% in 2022 — WorldSteel

Growth by 1% – to 1.814 billion tons is expected in 2023

Photo – Iron ore demand in China did not increase during the peak construction season
Iron ore demand in China did not increase during the peak construction season

Analysts believe that steel prices will be limited by the end of the year

Photo – Steel imports from Russia negatively affected prices in China
Steel imports from Russia negatively affected prices in China

In September 2022, China imported 895,000 tons of steel

Photo – Coking coal imports to China increased by 25.5% y/y in January-August 2022
Coking coal imports to China increased by 25.5% y/y in January-August 2022

In August 2022, imports increased by 36.8% year-on-year and by 4.7% compared to the previous month

Photo – China to increase exports of value-added steel products – CISA
China to increase exports of value-added steel products – CISA

The country's steelmakers are called to promote investment and development of foreign steel projects

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