[SMM Analysis: Capacity Surplus & Export Pressure - 2025 Steel Price Trend Simulation] In 2024, the fluctuation range of steel prices further decreased, with the annual price low appearing in September. Looking ahead to 2025, the impact of overseas uncertainties is expected to increase, the domestic steel industry's capacity imbalance is expected to deepen further, and downstream demand is expected to continue shifting towards manufacturing. Due to the effects of anti-dumping measures and increased tariffs, both direct and indirect exports face certain risks. Where will steel prices head in 2025...