Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
China’s Steel Exports Set to Surge in 2025 Despite Trade Tensions
China, the world’s largest steel producer, is projected to continue exporting massive quantities of steel in 2025 to manage overcapacity and weak domestic demand, according to industry insiders. This comes as local consumption remains sluggish, largely due to a downturn in the property sector. Analysts predict exports between 90 and 100 million metric tons next year, up from the 80.71 million tons exported in the first nine months of 2024.
Baoshan Iron & Steel Co., a subsidiary of China Baowu Steel Group, exported a record 5.84 million tons in 2023 and aims for over 6 million tons this year. Other major Chinese steelmakers are also planning to ramp up exports.
Despite declining domestic output, global demand for Chinese steel remains strong, particularly in Southeast Asia, the Middle East, and India. The World Steel Association predicts a 1.2% rebound in global demand by 2025, reaching 1.77 billion tons.
Trade Tensions Looming Over Exports
China’s increasing steel exports have raised trade tensions, with countries like Turkey and Indonesia imposing anti-dumping duties. In 2024 alone, 28 trade remedy cases were filed against Chinese steel products, compared to only eight in the previous three years.
While Chinese officials maintain that most steel is produced for domestic needs, analysts suggest that overproduction will continue to fuel exports, exacerbating trade disputes in 2025. Despite these challenges, China's low production costs and high global demand are expected to sustain its steel export levels.
