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Since 2022, the price of steel in the Chinese market has been under certain pressure. Several factors have caused the problem, such as the slowdown of the housing industry and the relatively tight fiscal policies.
Under such a background, the growth of steel demand has to rely on the growth of the downstream manufacturing industry. However, after Trump returns to the US president this year, the latest imposed tariff, no doubt, makes China's end product manufacturers face more challenges.
Whether the housing demand could be fixed or not, whether the steel export activities could bear the tariff pressure or not, and whether the local finance could help with investing more in construction works are the three challenges that the Chinese steel industry currently faces.