CONF: China's steel prices tipped to rebound in 2026

China's domestic steel prices are expected to recover next year, with the extent of the rebound largely determined by the effectiveness of China's ‘anti-involution’ policies, Xu Xiangchun, senior analyst at Mysteel, told delegates at a subforum during Mysteel's annual conference held in Shanghai on December 19.

"Although domestic steel demand contracted sharply in 2025, the domestic steel market still remains largely resilient," Xu argued. Steel demand from the property sector is forecasted to bottom out in 2026 as demand for construction has already sat at a low level for some time, Xu suggested. Citing data from the National Bureau of Statistics (NBS), Xu noted