Tag: China cuts crude steel output by 4% in Jan-Oct’25

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…