China to export 90-100M metric tons steel by 2025, causing trade tensions.

China is set to export between 90 and 100 million metric tons of steel in 2025, driven by overcapacity and weak domestic demand, particularly due to a downturn in the real estate sector. While global demand, especially from Southeast Asia and India, is expected to rise by 1.2%, China's increasing exports have triggered trade tensions, leading to anti-dumping duties from countries like Turkey and Indonesia. China's steel consumption is projected to fall below 50% of global demand for the first time in six years.

October 20, 2024
5 Articles