The output of main steel products will increase year by year in the next few years in China

Although the government continues to promote the process of reducing capacity in the steel industry, due to high sunk costs such as production equipment, steel companies choose to continue production in order to reduce costs and losses. As a result, the output of steel products in the entire industry remains showing an increasing trend.

Therefore, based on the current domestic steel production equipment and the production scale of the steel industry in recent years, the Prospective Industry Research Institute believes that the output of major steel products will increase slightly year by year in the next few years.