Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
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.
