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Chinese Steel Production Declines in Early 2026 Amidst Weak Construction Sector
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China Steel Output Plunges in Early 2026 Amid Weak Construction Demand
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Firstpost
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16-03-2026, 11:15
China Steel Output Plunges in Early 2026 Amid Weak Construction Demand
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China's crude steel output fell 3.6% to 160 million tonnes in Jan-Feb 2026, driven by weak construction demand.
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The decline underscores structural challenges, a property crisis, and cautious mills despite broader economic growth.
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Producers are reluctant to build inventories due to demand uncertainty, impacting the usually stronger spring construction season.
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The prolonged real estate downturn has sharply reduced demand for construction materials like steel rebar and structural beams.
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Steel exports, an important outlet for surplus production, are also facing strain due to tighter licensing rules.
Read Full Article on Firstpost in English
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