China’s sustained large-scale steel exports are primarily driven by the “inelastic demand” in the global market. Even if global economic growth may slow, as long as economies continue to expand, infrastructure development and other sectors will require steel. Chinese steel products, with their relatively low prices (e.g., the average export price in August was approximately $698.0-$699.1 per ton<sup>2</sup>) and comprehensive industrial advantages—including a wide range of varieties, reliable quality, timely delivery, and a robust logistics distribution system—can effectively meet these demands. This integrated competitiveness ensures that Chinese steel maintains a strong position in the international market.
