China’s crude steel output contracted by 4% y-o-y to 811 million tonnes (mnt) in January-October 2025, as the government and domestic mills recalibrated production strategies amid a persistent supply glut and declining steel consumption. October alone witnessed a 12% y-o-y decrease to 72 mnt. This marks the fifth consecutive month with a decline, driven by shrinking profit margins, increased pollution-driven operational halts, and weak steel demand.
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