Wang Yingsheng, Vice 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.

Wang Yingsheng, Vice Chairman of the China Iron and Steel Industry Association, stated that in the short term, it is highly likely that domestic steel demand will continue to decline in the second half of 2025. In the long term, Chinese steel demand is expected to remain within the peak platform range for a long period of time. It is predicted that by 2035, China's crude steel production will be between 800 million and 900 million tons, and after 2050, it is expected to remain around 800 million tons. China, as the world's largest steel domestic market, will exist in the long term.