Production in China (55% of world production of raw steel in June) fell by 9% in annual terms (-3% in the first half of 2025), while production in the world, with the exception of China, decreased by 1%.
Meanwhile, production in Russia decreased by 7% last month; EU production also decreased by 8%. Production in the United States increased by 5%, and production in India (9% of the world production of steel) increased by 13%, also showing an increase of 9% in the first half of 2025.
we remind readers that Beijing plans to reduce the “excessive” production of steel in 2025 (which may mean a decrease by 3-5% in annual expression, according to our market estimates), which, in our opinion, is likely that it is likely that it is necessary. He will cool the growing export of Chinese steel and maintain world prices in 2026.
