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flag Chinese steel profits rose 1.9x in 2025's first nine months despite declining output and demand.

flag China's steel industry saw profits surge 1.9-fold in the first nine months of 2025, reaching 96 billion yuan, with profit margins rising to 2.10 percent, though crude steel output and consumption fell 2.9% and 5.7% respectively, marking the fifth straight year of declining demand. flag Industry leaders urged producers to cut output and inventories in the fourth quarter to avoid price wars. flag The China Iron and Steel Association is working with government agencies to create a price monitoring system to prevent unfair competition. flag Meanwhile, steelmakers reported improvements in energy efficiency and environmental performance, and government policies aim to phase out new capacity while promoting higher-quality production and domestic demand.

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