According to the World Steel Management Association (https://worldsteel.org/wp-content/uploads/may-2025-crude-steel-production.pdf). Production in China (55% of the global supplies of steel in May) decreased by 7% g/g (-2% g/g for 5 months of 2025), while world production, with the exception of China, has not changed in annual calculus, according to WSA. At the same time, production in Russia last month also decreased by 7% in annual calculus, and in the EU - by 3% in annual calculus. Production in the United States increased by 2% in annual terms, while production in India (8% of the world's supply) increased by 10% in annual terms, also increasing by 8% in annual calculus for 5 months of 2025
we remind readers that Beijing plans to reduce (https://www.bloomberg.com/news/articles/2025-03-05/china-to-mandate-stel-utput-to-glut-restore-profits) & quot; excessive & quot; The production of steel in 2025 (which can mean a decrease by 2-5% in annual calculus, according to market estimates), which will probably reduce the growing Chinese export of steel and will support world prices in 2P25. But the world braking of the economy is obvious ...
