In April 2025, the global steel market experienced notable shifts driven by China’s declining demand, rising overcapacity, and the growing push for green steel solutions.
In April 2025, the global steel market experienced notable shifts driven by China’s declining demand, rising overcapacity, and the growing push for green steel solutions. According to Fastmarkets, global crude steel production is expected to rise modestly, but China’s output may fall below 1 billion tons for the second year. This has led to increased Chinese steel exports, pressuring global prices.
Fitch Solutions forecasts average steel prices at $730/ton in 2025, supported by U.S. tariffs, but prices may decline in 2026 due to oversupply. Meanwhile, India, the Middle East, and Southeast Asia remain strong demand centers, driven by infrastructure and industrial growth.