Steel Rebar Set to Drop 7% in 2025
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Steel rebar futures in China are set to drop 7% in 2025 due to soft demand and a prolonged property crisis. China's construction PMI shows continued sector deterioration, while manufacturing activity remains muted. Domestic demand issues led to increased exports, but protectionist measures from buyers in Southeast Asia and Latin America may limit future exports. Beijing plans to limit ferrous metal production to combat deflationary risks, resulting in a 10.9% annual drop in steel output in November.
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