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China’s steel production fell 6.9% year-over-year in May to 86.6 million tons, marking the first monthly decline since Beijing pledged to limit output. The drop signals that government curbs aimed at reducing overcapacity and pollution are beginning to take hold.
According to official data, steel output for the first five months of 2025 is now down 1.7% compared to the same period last year. The move aligns with China’s broader goals to restructure heavy industry and reduce emissions, especially in sectors like steel that are major polluters.
Earlier this year, the National Development and Reform Commission announced intentions to cut steel production as part of long-term market reforms. A combination of weaker domestic demand, high inventories, and falling raw material prices has supported the government’s case for scaling back.
By tightening production, China aims to stabilize steel prices, reduce trade tensions over exports, and meet climate commitments. The policy shift marks a new phase in the country’s approach to managing its massive steel sector, which has long been a pillar of the economy but also a source of global oversupply.
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