Chinese steel exports are projected to hit an eight-year high in 2024, potentially exceeding 100 million tons, according to the Financial Times. This surge is attributed to a significant decline in domestic demand, prompting manufacturers to increase exports primarily to Southeast Asia and Europe.

‎However, China’s steel market will face challenges in 2025. The decline in demand in the construction sector and the potential growth in the non-construction sectors will create new conditions due to targeted policies. In this situation, the continuation of exports will reduce the negative effects of the weakness of the domestic market.‎