Steel Resumes Decline

2025-12-11 07:08 By Jam Kaimo Samonte 1 min. read

Steel rebar futures fell toward CNY 3,040 per ton, hitting its lowest levels in a month as demand uncertainties in China continued to weigh on sentiment.

Beijing reaffirmed broad economic support for the year ahead during its annual economic planning meeting, outlining proactive fiscal measures aimed at bolstering consumption and investment.

However, authorities stopped short of introducing fresh stimulus measures that could boost economic activity in the near term.

At the same time, analysts expect only modest monetary easing from the China's central bank next year.

Industry data added further pressure, with only 35% of Chinese steel mills profitable at the end of November, down from 45% in late October.

Still, mills continued restocking raw materials despite Beijing’s crackdown on overcapacity, aided by resilient demand in overseas markets.



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