China Fuels 300% Increase in Semi-Finished Steel Exports

China's Steel Exports Surge: China exported 7.4 million tons of semi-finished steel in the first half of 2025, a 320% increase from the previous year, primarily due to weak domestic demand in construction and real estate.

Shift in Trade Dynamics: Semi-finished steel exports, particularly steel billets, have become a significant part of China's outbound shipments, accounting for 14% of total steel exports in July, despite anti-dumping measures targeting finished steel.

Domestic Concerns: The China Iron and Steel Association has raised concerns that increased raw steel exports harm local processing capabilities and inflate iron ore prices, negatively impacting domestic steelmakers.

Diplomatic Engagements Amid Trade Tensions: As steel exports continue, Chinese trade envoy Li Chenggang is set to meet U.S. officials in Washington to discuss trade issues, signaling potential progress in U.S.-China economic relations amidst ongoing tensions.