(https://www.reets.com/markets/commodities/china-may-ore-imports-fall-seasonally-slow-demand-2025-06-09/). (https://www.reets.com/markets/commodities/china-may-Iron-IMPORTS-FALL-EXPEASONALLY-SLOW-DEMAND-2025-06-09/) We recall that the Chinese authorities are considering (https://www.bloomberg.com/news/articles/2025-03-05/china-to-mandate-stel-autPut-to-glut-remote-profits) The possibility of reducing steel production in China in 2025 in an attempt to restore Market balance and profitability of enterprises. Although the scale of the measures is not specified, market participants expect that the supply of steel from China this year will be reduced by 2-5% in annual calculus. According to our estimates, a reduction in production by 2-3% can normalize the abnormally high volumes of China’s net exports (which increased by 25% in annual calculus in 2024 and by 11% in the annual calculus in the first half of 2025).
Coal imports in China in June decreased by 26% in the annual calculus, accelerating the rate of reduction after 18% In May, and reached the lowest monthly level in more than two years. According to Reuters (https://www.miningweekly.com/article/chinas-pril-coal-imports- 16-year-on-year-20-05-09), the negative dynamics of the high-base base of 2024 (when a series Jews at the mines (https://www.xm.com/research/markets/allnews/reuters/chinas-may-imports-on-lower-mestic-autPut-53855674) in the Chancetea Chancete imports) and record coal mining in combination with weak internal demand, which led to the growth of reserves.
