The Chinese steel-producing sector has grown phenomenally, and use of steel has risen from 42 percent in 2020 to 50 percent in 2024, according to Yao Lin, Chairman of the China Iron and Steel Association. Yao said in a conference that demand had gone up much within the new energy and infrastructure sectors.

Yao also pointed to the potential for rebound demand for high-strength steel in construction machinery and mining equipment. To build on this trend, he said there is a need to strengthen the partnerships between steel producers and key downstream sectors, namely construction, shipbuilding, and transportation. It is through such partnerships that growth momentum would be sustained in the long run.

Looking forward, Yao forecasted that the demand for steel in the manufacturing sector will continue to grow in 2025. This growth is expected to be driven by large-scale equipment renewals and the replacement cycle of consumer goods, reflecting broader economic trends.

With such advancements and strategies in place, China's steel industry will continue to stand a good chance of meeting both increasing domestic and international demand. It is firmly entrenched as an integral element in the development of the country's industries and a big contributor to its economic advancement.