The development and growth of China's steel industry has been overwhelmingly driven by the demand brought about by domestic economic development, rather than exports. With the transformation of China's overall economy, the demand for steel products will see simultaneous changes in both total volume and structure. Which products are likely to outperform others?

Compared with the GDP compound annual growth rate (CAGR) of 14.1% from 1978, when the People's Republic of China officially opened up to the outside world and began to focus on economic development, to 2022, the year-on-year growth has been below 10% since 2011. No matter what nice descriptive words officials use to describe this transition, China's economy has bid farewell to its previous rapid growth and posted much slower growth than before.

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