China's steel demand is expected to stay on a downtrend in 2025, with consumption across various industries showing divergence, Mysteel's chief analyst Wang Jianhua predicted at the company's annual conference in Shanghai over the weekend. Specifically, Wang projected that China's apparent steel consumption could fall by 0.7% from the 2024 forecast to sit at 893.71 million tonnes in 2025. A key factor driving this decline, Wang highlighted, is the ongoing struggle in China's property market, which is expected to remain a major challenge for the broader economy in 2025.
