The China Iron and Steel Association (CISA) has issued a statement urging domestic steelmakers to self-regulate their production levels in an effort to maintain market balance. This comes amid signs of slowing demand both at home and abroad, coupled with increasing price fluctuations across global steel markets.
CISA highlighted the risk of unchecked output leading to overcapacity, which could severely depress prices and destabilize the industry. The association called for producers to base their output strategies on real demand, with an emphasis on product quality, innovation, and energy efficiency.
This call reflects a broader shift in China’s industrial policy, favoring long-term sustainability over short-term volume growth. It also signals potential easing in global competition if Chinese producers begin reining in exports, which have often triggered trade disputes with the US and EU.
Vietnam Steel by Hoa Sen Group
