According to China Iron and Steel Association said current levels of steel production in China is still at a high level, the oversupply in the market has not been reversed. Therefore, China’s steel industry next year will face a further practical capacity problem, complex issues such as transformation and upgrading.


According to CISA data shows that the first nine months this year, the country's crude steel output of 604 million tons, an increase of 0.37% year on year, especially in September, an increase of 3.94% year on year.