Forecast: Nominal Crude Steel Production Capacity in China

The forecast for China's nominal crude steel production capacity reveals a steady increase from 1.25 billion metric tons in 2024 to 1.32 billion metric tons by 2028. In 2023, the production capacity stood at 1.23 billion metric tons. Year-on-year, these figures represent growth rates of 1.6% from 2024 to 2025, 0.8% from 2025 to 2026, 1.6% from 2026 to 2027, and 1.5% from 2027 to 2028. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is approximately 1.4%.

Future trends to watch for in the Chinese steel industry include:

• Technological advancements potentially increasing efficiency and reducing environmental impact.
• Global demand shifts, which may affect production strategy and capacity utilization.
• Government policies targeted at pollution control and sustainable production potentially influencing capacity growth.