The World Association of Manufacturers of Steel. Production in China (53% of world supplies of raw steel) decreased by 1% g/g (-3% g/g in 8 months of 2025), while world production outside China has increased by 2% g/g, according to WSA. In particular, last month, supplies to Russia and the EU fell by 5% g/g and 3% g/g, respectively. Meanwhile, the production in the United States increased by 3% in annual calculus, while production in India (10% of the world supplies) increased by 13% in annual calculus, also increasing by 10% in annual calculus for 8 months of 2015
recall that Beijing plans to reduce & quot; excess & quot; Offer in 2025. According to market participants, these measures may affect 2-5% of deliveries to China in 2024. In our opinion, this will probably reduce the growth of Chinese steel exports and maintain world prices at the end of 2025 or 2026
