steel production - Latest news GMK Center

Increasing the share of EAFs to 20% by 2030 could also improve the sector’s profitability and sustainability

Compared to the monthly average for 2025, production increased by 11.4%

The group will focus on areas such as the steelmaking sector, logistics, and energy

The hardest hit will be the long products and billets sectors, while risks for flat products will rise sharply after 2029

Most companies are still investing in blast furnaces

In February, the figure fell by 20.9% y/y and 9.6% m/m

Excess capacity reached 640 million tons, and China's steel exports set a historic record in 2025

Compared to the previous month, the figure fell by 8.1%

Last month, China saw a 3.6% year-over-year decline

Revision reflects loss of assets in occupied territories and more realistic assessment of operating facilities

Both companies say the process is ongoing

Production of long products rose by 12.5% m/m, while production of flat products fell by 4.8% m/m