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Tomas Gutierrez

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China's steel exports to decline in 2025 amid rising tariffs and demand issues

In 2023, China's domestic steel demand is projected to fall below half of global demand due to a downturn in the real estate sector, with significant production cuts among steelmakers. Exports are expected to peak this year before tariffs impact the industry in 2025, as anti-dumping measures from various countries intensify. The ongoing property crisis and weak manufacturing further strain China's steel market, prompting a shift in focus towards foreign markets amidst rising trade tensions.
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United States Dollar Chinese Yuan Sinoma Science & Technology (Jiujiang) Co., Ltd. S&P Global Inc. Macquarie Capital Group Ltd. Citigroup Inc. Iron and Steel Industry Association THA MEX CAN IND USA BRA VNM CHN Joe Biden Luo Tiejun Ren Zhuqian Donald Trump Tomas Gutierrez Show more
Finance & Economy, Market Report
05:37 25.10.2024
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