Industry News
Global stainless steel production reached 31.9 million tons in the first half of 2025
In the first half of 2025 (January-June), the global total stainless steel production reached 31.9 million tons.
Weekly Summary of Raw Materials Market
The raw material market fluctuated slightly last week.
The overall steel market has entered a stable period, seeking resilient growth amid structural differentiation
A deep real estate correction is creating ongoing pressure, while the resilient growth of the manufacturing industry and the wave of green transformation present structural opportunities.
Global crude steel production in July 2025
In July 2025, global crude steel production for the 70 countries/regions reporting to worldsteel was 150.1 million tonnes, a decrease of 1.3% year-on-year.
China's crude steel output in January-July 2025 is expected to be 594.47 million tons, a year-on-year decrease of 3.1%.
In July 2025, China's crude steel output was 79.66 million tons, a year-on-year decrease of 4.0%; pig iron output was 70.80 million tons, a year-on-year decrease of 1.4%; and steel product output was 122.95 million tons, a year-on-year increase of 6.4%.
Why were sales of different types of steel products so different in the first half of the year?
Sales of different steel products experienced mixed performance in the first half of the year.
In July 2025, the steel industry PMI returned to the expansion range
In July 2025, the steel industry PMI returned to the expansion range
World Steel Association releases indirect steel trade data (2013-2023)
Between 2013 and 2023, indirect steel exports from the 74 countries/regions analyzed increased by 23%, from 319 million tons to 392 million tons. In 2023, indirect steel trade accounted for 95% of direct steel exports.
Global crude steel production in June was 151.4 million tons, down 5.8% year-on-year
In June 2025, the crude steel production of the 70 countries/regions included in the world steel association statistics was 151.4 million tons, a year-on-year decrease of 5.8%.
International scrap steel market accelerates deliberalization
As the global green transformation continues to deepen, the steel industry's choice of carbon reduction path is becoming a key variable in the game between industrial policy and international trade.