China's steel production and exports have continued to grow so far this year. In the first two months of this year, China’s crude steel production was 166.3 million tons, a year-on-year decrease of 1.5%, but steel production increased to 224 million tons, up by 4.7% year on year.

In 2024, China’s steel exports reached 110.7 million tons, the second highest in history. Several countries in the world stepped up anti-dumping (AD) and countervailing duties (CVD) investigations, but China took advantage of the window period to expand exports.

In the January-February period, China’s steel exports reached around 16.97 million tons, a year-on-year rise of 6.7%. As global trade protectionism intensifies, the market may be difficult to stabilize if China does not implement production cuts.