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Photo – The global rebar market in January 2023 was marked by a slowdown
The global rebar market in January 2023 was marked by a slowdown

European producers have not managed to increase prices, and the Asian market is defined with trends

Photo – China reduced the production of iron ore by 1% y/y in 2022
China reduced the production of iron ore by 1% y/y in 2022

In December, production decreased by 2.4% year-on-year

Photo – Shanghai will ban steel capacity additions in 2023
Shanghai will ban steel capacity additions in 2023

The use of scrap should increase to 15% by 2025

Photo – Australian coking coal prices continue to rise
Australian coking coal prices continue to rise

Market reports indicate potential interest from Chinese buyers

Photo – Opening China’s economy will help Indian steelmakers
Opening China’s economy will help Indian steelmakers

Rise in import prices will increase the production of steel makers in India

Photo – Steel consumption in China in 2022 decreased by 3.3% y/y
Steel consumption in China in 2022 decreased by 3.3% y/y

The indicator has been decreasing for the second year in a row

Photo – European HRC producers are aiming for further price increases
European HRC producers are aiming for further price increases

The trends in the Chinese HRC market will be determined after the holiday period

Photo – Coking coal prices from Australia are rising on expectations that China will resume purchases
Coking coal prices from Australia are rising on expectations that China will resume purchases

In 2016-2020, China imported more than 30 million tons of Australian coking coal per year

Photo – China will face an oversupply of iron ore in 2023
China will face an oversupply of iron ore in 2023

During the year, overall iron ore supply will increase, while demand among steelmakers is likely to decrease

Photo – China cut iron ore imports by 1.5% y/y in 2022
China cut iron ore imports by 1.5% y/y in 2022

In December 2022, supplies of steel raw materials to the country decreased by 8.1% m/m

Photo – What will be the dynamics of the world economy in 2023
What will be the dynamics of the world economy in 2023

Analysts expect that in 2023 the economies of Asian countries will grow, while the USA and the Eurozone are threatened with recession

Photo – Global rebar prices rise amid renewed demand
Global rebar prices rise amid renewed demand

Rebar quotations in Turkiye rose by 2.1% in early January, and in China – by 1.4%

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