Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Baosteel Predicts Steel Output Cuts Across China in 2025.
China’s Baosteel Expects Nationwide Production Reductions This Year.
Chinese Steel Giant Baosteel Forecasts Industry-Wide Output Cuts.
China’s largest steel producer, Baosteel, has announced expectations of nationwide steel production cuts in 2025 as the country continues to prioritize environmental goals and manage overcapacity. In a recent market briefing, company officials stated that the industry is likely to see controlled output reductions to align with the government’s decarbonization commitments and economic moderation strategy.
The decision follows a turbulent period for the global steel market, with Chinese production frequently influencing international prices and supply chains. Baosteel indicated that environmental restrictions, weak demand in construction and real estate, and measures to avoid excessive exports would collectively lead to a contraction in domestic steel production this year.
Industry analysts suggest that the cuts could help stabilize global steel prices, which have faced volatility due to China’s historically aggressive production levels. Additionally, these moves are expected to support the country’s carbon neutrality targets, as the steel sector remains one of China’s most significant contributors to industrial emissions.
International players, including India’s steel exporters, are closely watching these developments, anticipating possible shifts in pricing trends and export opportunities in the wake of China’s output discipline.
Also Read : China lithium carbonate futures extend rally on supply concerns China woes mount: investment banks brace for more Asia job cuts
Steel pipes and tubes manufacturer Vibhor Steel Tubes has collected nearly ₹22 crore from anchor inv...
Business 13-Feb-2024
Core Sector Growth Slows to 0.7% in May Despite Cement and Steel Gains India’s eight core ind...
Business 21-Jun-2025
The government of Karnataka has sent a proposal to the Centre to construct flyovers along certain st...
Announcement 21-Feb-2024
TotalEnergies has signed a sale and purchase agreement (SPA) with Sembcorp Fuels, a wholly owned sub...
Europe 29-Feb-2024
The Indian government has launched a new initiative to promote electric vehicles in the country. Aft...
Announcement 02-Apr-2024
Prime Minister Narendra Modi inaugurated and laid the foundation stone of multiple development proje...
Business 28-Feb-2024