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MNI: China Steel Demand Seen Falling Next Year

Local analysts discuss China's outlook for steel demand in 2025 following recent policy announcements.

MNI (BEIJING) - China’s steel demand is anticipated to fall in 2025 to under 100 million tonnes, as fiscal stimulus targets consumption and the real-estate market continues to decline, local analysts told MNI, adding manufacturing strength will partially offset the weakness.

Overall crude steel demand will fall around 1.8% to about 992 million tonnes in 2025, said Zhuo Guiqiu, ferrous metal researcher at Jinrui Futures, noting recent Politburo calls for proactive fiscal spending would prioritise consumption and improving livelihoods above steel-heavy infrastructure and construction projects.

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MNI (BEIJING) - China’s steel demand is anticipated to fall in 2025 to under 100 million tonnes, as fiscal stimulus targets consumption and the real-estate market continues to decline, local analysts told MNI, adding manufacturing strength will partially offset the weakness.

Overall crude steel demand will fall around 1.8% to about 992 million tonnes in 2025, said Zhuo Guiqiu, ferrous metal researcher at Jinrui Futures, noting recent Politburo calls for proactive fiscal spending would prioritise consumption and improving livelihoods above steel-heavy infrastructure and construction projects.

Keep reading...Show less