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Photo – Low carbon prices in Asia prevent emissions cuts in the region – Bloomberg
Low carbon prices in Asia prevent emissions cuts in the region – Bloomberg

Emissions prices and taxes in the region are well below levels estimated to significantly affect polluters

Photo – China increased iron ore imports by 3.1% in July
China increased iron ore imports by 3.1% in July

In the first 7 months of the year, steel import to China decreased by 3.4%

Photo – CISA to set up committee to study iron ore market
CISA to set up committee to study iron ore market

The new structure will be able to coordinate the financial resources of enterprises, state institutions and banks

Photo – Chinese drills around Taiwan could disrupt global supply chains
Chinese drills around Taiwan could disrupt global supply chains

Military exercises are taking place along the busiest sea routes on the planet

Photo – China Baowu Steel acquired 51% shares of major steelproducer XinSteel
China Baowu Steel acquired 51% shares of major steelproducer XinSteel

The deal amounted to 4.26 billion yuan ($630 million)

Photo – Steel plants continue to stop production all over the world
Steel plants continue to stop production all over the world

Declining steel production is a new global trend

Photo – China intends to increase scrap processing capacity to 180 million tons by 2025
China intends to increase scrap processing capacity to 180 million tons by 2025

Against the backdrop of the development of electric steelmaking in the country, scrap processing capacities will increase by 30 million tons

Photo – Business expectations of Chinese steelmakers updated a historical low in July
Business expectations of Chinese steelmakers updated a historical low in July

The Purchasing Managers' Index expectations in the steel industry in China in July fell by another 3.2 percentage points.

Photo – Many Chinese steel plants left for maintenance due to low demand
Many Chinese steel plants left for maintenance due to low demand

Also, a number of enterprises for the same reasons stopped their blast furnaces

Photo – Baowu Group produced 61.5 million tons of steel in the first half of the year
Baowu Group produced 61.5 million tons of steel in the first half of the year

During the same period, the company's operating revenue amounted to $73.6 billion.

Photo – China has increased coking coal imports by 17% in six months
China has increased coking coal imports by 17% in six months

In June, the supply of raw materials to the country increased by 20.5%

Photo – Iron ore prices in China will fall to $70/t in the third quarter – Goldman Sachs
Iron ore prices in China will fall to $70/t in the third quarter – Goldman Sachs

This forecast is based on the crisis in the Chinese real estate market

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