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China's Steel Exports Surge Amid Weak Domestic Demand

12/9/2025

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Story summary
  • China's steel exports have risen 6.7% this year to about 117 million tons, amid weak domestic demand.
  • Aluminium exports declined 9.2% to 5.59 million tons, due to rising demand from manufacturing and energy sectors.
  • China's aluminium production nears a 45 million ton cap, pushing global prices to their highest since May 2022.
  • The outlook for steel depends on domestic demand recovery, with mills likely relying on exports to maintain profitability.