According to the statistics of construction in China, the economic growth of steel in this country is decreasing and it has negatively affected the supply and demand of steel.
As the real estate market in China has faced a crisis and housing sales have decreased by 40 to 60 percent.
As a result, the supply and demand of steel in China will also decrease.
In this regard, Chinese steel companies are trying to reduce the production of steel and steel structures and surplus steel products
they export at global prices. This has made China strengthen its steel export pole in 2023, which average
Complete and semi-finished steel products in China have reached over 36%.
