Tag: falling profits

Govt battles overcapacity with ‘anti-involution campaign’ Mills limit operations amid shrinking profits, pollution control measures Steel demand projected to fall by 2% in 2025, 1% in CY’26 Morning Brief: 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…