NEWS&CASES

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China’s steel exports hit 9-year high in October
Shipments increased by 40.8% y/y and 10.1% m/m
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Baosteel produced 13.3 million tons of steel in Q3
For 9 months, the total volume of steel production by the company amounted to 39.61 million tons
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China’s leading steel mills cut gross profit by 56% y/y in January-September
The operating income of these enterprises during the period decreased by almost 7% on an annual basis
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Chinese steel exports to hit eight-year high in 2024 – FT
Such volumes threaten to increase tensions in global trade
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A number of countries have exceeded the quota for hot-rolled steel since the beginning of Q4
Australia and Brazil have not yet used their quotas for these products in the «other countries» category
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Kazakhstan increased steel production by 15% y/y in September
Steel production increased by 5.7% compared to August 2024
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