AI Data Insight
Latest data shows that China's pig iron production in Q3 2026 (August) fell to 67.65 million tonnes, a slight decrease of about 1.02% from the previous month, continuing its cooling trend since the Q2 high this year. The downturn in the end-user real estate market and summer weather factors have led to weak demand for construction steel. Additionally, most steel mills are facing losses and have voluntarily cut production. Although the traditional peak season is approaching, the momentum of the steel industry's recovery will remain limited in the medium term without strong policy support.