Demand For Steel In The Real Estate Sector Declines, Steel Consumption Structure Continues To Optimize

Published: Sep 19, 2023 21:29

Save

On September 19, the latest data from the National Bureau of Statistics showed that in August, steel production reached 116.52 million mt, a year-on-year increase of 11.4%.

On September 19, the latest data from the National Bureau of Statistics showed that in August, steel production reached 116.52 million mt, a year-on-year increase of 11.4%. Among them, the output of rebar was 18.779 million mt, a year-on-year decrease of 1.7%. The output of medium-thickness wide steel strips was 18.012 million mt, a year-on-year increase of 33.2%. Industry insiders believe that rebar, as a typical representative of steel used in real estate and building materials, is shrinking in both proportion and growth compared to medium-thickness wide steel strips used in manufacturing. Benefiting from the improvement in the competitiveness of the Chinese manufacturing industry, related companies are becoming more and more enthusiastic about “going global”, which indirectly drives the strong growth of steel exports and effectively alleviates the impact of declining demand in the real estate sector.

Macro economy

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Mar 20, 2026 18:34

SiMn Exports Pulled Back MoM in February, While Imports Remained at Zero [SMM Analysis]

According to the latest release from the General Administration of Customs, SMM statistics showed that China’s SiMn exports were 1,965.37 mt in February 2026, down 22.61% MoM. Cumulative exports in January-February totaled 4,500 mt, up 11.73% YoY. China’s SiMn imports were 0 mt in February 2026, flat MoM from January. Cumulative imports in January-February were 0 mt, down 100% YoY. By regional import and export structure, SiMn exports were mainly destined for Indonesia.

Mar 20, 2026 18:34

Mar 20, 2026 18:32

Off-Season Demand Coupled With the Chinese New Year Effect Led to a Significant Decline in China's SiMn Exports in January [SMM Analysis]

According to the latest release from the General Administration of Customs, SMM statistics showed that China’s SiMn exports were 2,539.52 mt in January 2026, down 50.55% MoM and down 31.84% YoY. China’s SiMn imports were 0 mt in January 2026, down 100% MoM and down 100% YoY. By import and export regional structure, SiMn exports were mainly destined for Indonesia.

Mar 20, 2026 18:32

Mar 20, 2026 18:30

Ferrous Metals Expected to Continue Holding Up Well Amid the Middle East Conflict and Long-Term Contract Negotiations [SMM Steel Industry Chain Weekly Report]

This week, ferrous metals fluctuated at highs, with raw material ore and coking products outperforming steel. Against the backdrop of the escalating conflict in the Middle East, ore and coking products held up well, supported by higher shipping costs and transmission from coal and coke as energy substitutes. In the second half of the week, supply and demand data for hot-rolled coil and rebar were released. The increase in rebar inventory slowed markedly; however, hot-rolled coil demand was lower than the same period last year, and the pace of post-holiday recovery was relatively slow, leaving steel as a whole with limited upward momentum, while futures retreated after rapid rise. In the spot market, trading in the Chinese market was average this week.....

Mar 20, 2026 18:30