India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
China’s Crude Steel Demand to Fall to 850 Million Tonnes in 2025: MC-CCPIT
China’s crude steel demand is projected to decline further in 2025, reaching around 850 million tonnes, according to the Metallurgical Council of the China Council for the Promotion of International Trade (MC-CCPIT). This marks a continued downtrend from the estimated 863 million tonnes forecasted for 2024.
The decline is primarily driven by sustained weakness in the real estate and construction sectors—traditionally the largest consumers of steel in China. Ongoing challenges in the property market, including sluggish home sales and reduced new construction starts, are expected to continue curbing demand into next year.
While infrastructure and manufacturing segments are likely to provide some support, their contribution is not expected to fully offset the steep declines in residential construction activity. Analysts believe this trend reflects a broader rebalancing in China’s economy as it transitions away from property-driven growth towards more sustainable industrial and technological development.
This outlook adds to the global implications for steel producers and commodity markets, as China accounts for more than half of the world’s steel consumption. Lower demand could put pressure on global iron ore prices and influence export strategies for major producing countries.
Industry stakeholders are now watching for any new stimulus measures from Beijing that might boost construction or manufacturing demand. Without such support, the steel sector may continue to face headwinds well into 2025.
Also Read : Congo & China discussing $7 Bn in finance, Tshisekedi says Japan Probes Chinese, South Korean Galvanized Steel Imports Over Anti-Dumping
India's reliance Industries, operator of the world's biggest refining complex, will not buy Russian...
Business 21-Mar-2024
In its Field Season for 2024–2025, the Geological Survey of India (GSI) has identified 1,055 r...
Non-Ferrous 23-Jan-2024
Iron ore prices are projected to remain resilient, even as China’s steel sector faces signific...
Raw Material 02-Sep-2024
Jindal Steel and Power (JSP) will set up the world’s largest steel plant in Angul by 2030, sai...
Large Corporate 10-Jul-2024
Tata Motors launches 8th scrapping unit in Kolkata Capacity to recycle 15,000 vehicles annually Su...
Business 09-May-2025
Germany's chemicals industry, Europe's biggest, is beginning to feel the pinch from delayed shipment...
Europe 22-Jan-2024