Speaking at the Steelorbis 2025 Fall Conference conference and the 93rd Irepas meeting held in Munich on September 28-30, Jiang li, the chief analyst of Baosteel, spoke about the Chinese economy and the steel market, world trade and a medium-term steel period.
MS. Lee noted that Chinese news housing begins over the past four years in a row, reflected in a decrease in the obvious consumption of Chinese raw steel. As a result, by the end of 2025, the production of reinforcement of China will register a decrease by 29 percent, compared with its peak level in 2020. She continued to say that the modernization of production in China translates the demand for steel from construction for production, which indicates the share of steel used in construction up to 50 percent over the past four years, while steel used in production, up to 50 percent in the same period. This shift is also visible in changes in the mixture of export products in which it reported, transmitting a transformation from labor -intensive goods to high products, such as electronics and mechanism. She emphasized that HRC products in China increased by 49 percent compared to 2020. As for production, Ms. Lee said that Chinese unprocessed steel in January this year decreased by 2.8 percent of the year a year.switched to a hot topic of Chinese exports, Ms. Lee emphasized that exports are about 11 percent of the production of steel. Especially with a semi-finished product export of products, countries of China and ASEAN, they filled the gap left by Russia and Ukraine, in particular, when Southeast Asia received a share from traditional exporters. On the other hand, she noted that Chinese export HRC and CRC decreased due to trade occasions, while the export of covered, previously painted and electric steel from January-Augustus. As for the long export of steel, Ms. Lee said that China mainly exports to Asia, since the share of Asian countries in Chinese exports of Long Long Steel exceeds 70 percent, and since May has been reduced since May.
. In conclusion, the official official of Baosteel said that “history shows a decrease, which has long been not with the exception of three years. The long -term path of growth of global demand for steel remains solid. ” Commenting on protectionism, whether it emphasized that trade protectionism can temporarily protect the steel industry, but it weakens downstream of industry and ultimately reduces internal demand.
