China, which accounts for 53% of global crude steel production, has actively promoted efforts to reduce excessive production, effectively addressing the problem of oversupply. In addition, anti-dumping measures imposed by various countries on Chinese-origin goods have led to a recent slowdown in crude steel production and a corresponding decrease in export volume. 

According to statistics, China's crude steel production peaked at 92.84 million tons in March of this year and has since shown a downward trend. In August, it fell to 77.35 million tons, resulting in a 2.8% year-on-year decrease in total output from January to August. Besides, exports from January to August totaled 77.49 million tons, a 10% year-on-year increase. 

However, after anti-dumping duties were implemented by Asian countries, imports hit a record high of 10.578 million tons this May, subsequently reversed downwards to just 9.51 million tons in August. Therefore, China's production cuts and slowing exports have undoubtedly provided a boost to the sluggish Asian market.