China Steel Output Falls to 961 Million Tons as Property Slump Offsets Manufacturing Gains
Updated
Updated · Bloomberg · Jun 22
China Steel Output Falls to 961 Million Tons as Property Slump Offsets Manufacturing Gains
2 articles · Updated · Bloomberg · Jun 22
Summary
961 million tons of steel output last year left China nearly 10% below its 2020 peak of 1.065 billion tons, underscoring a prolonged cooling rather than a sudden collapse.
Property weakness is driving that shift in demand, but industry experts said manufacturing activity and exports are increasingly absorbing part of the loss.
China consumes roughly half of the world’s steel, making the demand transition a critical test for mills that once rode the country’s property-led industrial expansion.