Deputy President of the China Iron and Steel Industry Association: China, as the world's largest steel domestic demand market, will exist in the long term.

From July 11th to 12th, 2025, the "My Steel" mid-year conference and forum on high-quality development of the steel industry chain was held in Beijing. Wang Yingsheng, the vice president of the China Iron and Steel Industry Association, gave a speech titled "Trends in High-Quality Development of the Steel Industry Under Tariff Policies" at the conference. He stated that in the short term, it is highly probable that domestic steel demand will continue to decline in the second half of 2025. The stabilizing effect of the construction industry on steel demand will continue to weaken. The manufacturing industry has been the core supporting factor for the growth in steel consumption in recent years, but there are some potential unfavorable factors. Taking into account factors such as trade frictions and US tariff policies, the high level of steel exports in the second half of the year may not be sustainable. In the long term, China's steel demand will remain at a peak level for a long time. It is predicted that China's crude steel production will be between 800 million and 900 million tons by 2035, and after 2050, it is expected to remain around 800 million tons. China, as the world's largest steel domestic market, will exist for a long time.