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China’s steelmaking losses incentivize global rebalancing
World Steel Dynamics and the Association for Iron & Steel Technology co-hosted the forum, now in its 40th year, counting events held under the predecessor Steel Success Strategies banner. “We’re now continuing what is a three-year trend of rising Chinese steel exports and anaemic-to-declining global steel demand,” Englin said. Within China’s steelmaking, a plunge in domestic demand has pushed down the price of hot-rolled coil to about $375 per tonne, excluding value-added taxes, he said. World Steel Dynamics, which tracks 35 major steel plants in China, finds that for the second consecutive year, the ... (full story)
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- Jun 23, 2025 2:28pm Posted byFundamental Analysis243
