AI Data Insight
China's latest reported Q2 2026 steel production dropped to 122.63 million tons, a significant contraction from 130.98 million tons in Q1 2026. As real estate investment has not seen a clear recovery, coupled with rising overseas geopolitical risks and trade barriers, the steel industry is facing dual pressure from both domestic and foreign demand. The market expects that under the pressure of capacity control and destocking, the capacity utilization rate of Chinese steel enterprises will remain at a low level in the short term.