

This is temporary, certainly not good, but it’s next to nothing compared to where the pressure in the steel market comes from: China, which produces more than half of the global steel, has been suffering from a sharp overcapacity for a long time now and it aims to literally ‘export’ its problems to the world.
That impact of this policy has been seen for some time: China’s crude steel output came in at slightly less than 70 million tonnes in November 2025, a sharp fall of 10.9% on year (according to official data by the China’s National Bureau of Statistics) and the lowest in two years. It’s a continuation of the downfall in Chinese steel production we have already seen the entire 2025.
Beijing’s economic policy of permanently producing oversupplies hurts not only Europe and the world but also China economically and environmentally. A study published last on China’s iron and steel industry’s CO2 emissions and environmental health burdens for China, for example, estimated that related emissions related to the industry caused over 59,000 premature deaths in China in 2020 alone.






















That’s an extraordinarily weird comment.