In what would surely count as an historic achievement in restoring global steel industry balance, China’s crude steel production is expected to fall below the 1 billion tonne (bnt)-mark for the first time in six years in 2025. Data compiled by BigMint show that production in the January-November 2025 period (11MCY’25) stood at around 892 million tonnes (mnt), a decrease of 4% y-o-y. In volume terms, this was around 37 mnt lower than the same period last year.
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