According to the report, Chinese steel companies have aggressively offloaded excess production capacity internationally to address domestic demand contraction, prompting more countries to consider launching anti-dumping investigations against Chinese steel products. In the first half of this year, China exported 53 million tons of steel, an increase of 24% over last year.

The real estate crisis has significantly reduced domestic steel demand, with exports rising 28% year-on-year to 26 million tons in the first quarter. While East Asia remains the main market, exports to India, the Middle East, and Latin America are growing. Steel exports to Brazil, Colombia, and Chile have increased significantly, leading these countries to consider or prepare to take trade measures to curb the uncontrolled growth of Chinese steel imports.