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April steel output fell 7%.
Profitability improved despite the drop.
Demand, cuts, and trade tensions affecting market.
China’s crude steel output dropped 7% in April 2025 to 86.02 million tonnes from 92.84 million tonnes in March. While this marked a month-on-month decline, production stayed flat year-on-year compared to April 2024.
Average daily production in April was about 2.87 million tonnes, down from March’s 2.99 million. Analysts attribute the fall to weak domestic demand, especially in construction, and pressure from trade tensions. Interestingly, despite lower production, profitability improved — 56% of steelmakers reported profits, up from 53% in March, according to Mysteel.
From January to April 2025, total output rose slightly by 0.4% to 345.35 million tonnes. The Chinese government’s plans to curb steel production to restructure the sector were announced in March, though their full impact is expected later this year.
Global iron ore demand has also felt the effect. Major suppliers like Australia saw softer demand, with BHP warning of commodity price volatility as China’s steel output stabilizes.
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