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Photo – China’s steel processing plants will maintain high productivity until the end of July – forecast
China’s steel processing plants will maintain high productivity until the end of July – forecast

There is a high level of utilization of blast furnace capacities in the country

Photo – Baosteel to increase iron ore purchases to 100 million tons per year
Baosteel to increase iron ore purchases to 100 million tons per year

Currently, the company's annual purchase of this raw material is 80 million tons

Photo – Steel exports from China may grow by 10% in 2023
Steel exports from China may grow by 10% in 2023

In January-May 2023, the country increased steel exports by 41% y/y

Photo – Chinese real estate sector hopes for support from the authorities
Chinese real estate sector hopes for support from the authorities

Considering the market, the coming months are expected to be challenging for the industry

Photo – China’s Tangshan calls on steel mills to cut production in July
China’s Tangshan calls on steel mills to cut production in July

The requirement is related to measures to improve air quality

Photo – China’s blast-furnace capacity utilization reaches yearly high
China’s blast-furnace capacity utilization reaches yearly high

During June, the indicator grew steadily, reaching 91.98% by the end of the month

Photo – Turkiye became the largest buyer of Chinese hot-rolled steel in May
Turkiye became the largest buyer of Chinese hot-rolled steel in May

In May, China exported a total of 1.77 million tons of HRC

Photo – Iron ore reserves in China will grow in the second half of the year – forecast
Iron ore reserves in China will grow in the second half of the year – forecast

The increase in inventories will be caused by a slowdown in the steel sector

Photo – Steel exports from China will rise to a 7-year high in 2023 – forecast
Steel exports from China will rise to a 7-year high in 2023 – forecast

Chinese exports are supported by weak domestic demand and low steel prices

Photo – The level of export prices on the global steel market decreased in June
The level of export prices on the global steel market decreased in June

Chinese producers maintain a price advantage, India cannot withstand competition with China

Photo – The profits of China’s steel industry fell by 20% y/y in May
The profits of China’s steel industry fell by 20% y/y in May

Negative indicators of Chinese steelmakers prompt them to reduce production volumes, which will reduce export opportunities and pressure on world markets

Photo – UK will continue anti-dumping measures on thick sheet steel from China
UK will continue anti-dumping measures on thick sheet steel from China

The withdrawal of these measures could harm British producers, the TRA found

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