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China’s March steel production surged 8.5% YoY to 95.7 MT.
Rebound driven by downstream demand and policy support.
Raises oversupply and pricing pressure concerns in Asian markets, notably India.
China’s steel industry witnessed a significant production surge in March, with output volumes rebounding sharply from February levels. According to data released by the National Bureau of Statistics (NBS), China produced approximately 95.7 million tonnes of crude steel in March 2025, marking a year-on-year increase of 8.5% and a notable sequential jump compared to the previous month.
Analysts attribute this rebound to improved downstream demand from the construction and automotive sectors, coupled with policy support measures aimed at stabilizing the country’s industrial economy. Additionally, mills ramped up operations ahead of anticipated trade restrictions and tariff decisions by key export markets.
This sharp uptick has triggered concerns globally, especially in India, where Chinese steel is already undercutting domestic prices by up to 12%, impacting local producers’ competitiveness. Market experts suggest this could add to oversupply worries in Asia and increase pricing pressure in export-dependent economies.
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