SMM Hot Topic: Hot-Rolled Capacity Growth to Slow in Next Two Years, Capacity Wave Receding?

[SMM Hot Topic: Growth Rate of Hot-Rolled Capacity to Slow Down in the Next Two Years! Is the Capacity Wave Receding?!]

According to SMM statistics, the nationwide commissioned hot-rolled capacity in 2024 is 3.9581 billion mt. If the steelmakers' plans for new production lines currently announced are successfully commissioned, the total national capacity is expected to reach approximately 4.0875 billion mt in 2025, up 3.27% YoY from 2024. The total national capacity in 2026 is expected to reach approximately 4.1555 billion mt, up 1.66% YoY from 2025. After years of rapid capacity expansion, the growth rate of hot-rolled capacity is set to decline over the next two years...