Chinese authorities finally on 8 November announced the long-awaited new economic support measures approved by the Standing Committee of the National People's Congress (NPC), with finance minister Lan Fo’an giving an analysis. The market had long been waiting for support at a time when the economy was getting tougher. However, …

China's steel industry is in its third consecutive year of decline in 2024, and there is little sign of a sustained recovery. Just as the overall demand of the industry has undergone structural changes during the downturn, the experiences of each steelmaker are also different. The overall downward trend cannot …

China's difficulties this year clearly exceeded market expectations. Against the backdrop of the continued decline in real estate, government-led infrastructure has only partly offset the decline in steel demand for construction. Beijing's "steadiness" undermined market confidence as stimulus was delayed, but the release of a concerted set of supportive measures …

On 22 August, China’s Ministry of Industry and Information Technology (MIIT) issued a notice to suspend the approval of any new iron and steel production capacity replacement projects. The move has thrown uncertainty on a key policy determining steel investment in the country. It is not the first time Beijing …