Taiwan’s steel industry to be bullish in 2025 on Ukraine's reconstruction demand and China’s economic recovery
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Update time : 2025-02-19 20:37:46
Factors such as recent post-armistice reconstruction issues in Ukraine and China's economic recovery have given the steel industry hope for positive news. Market participants roughly estimate that the steel demand for reconstruction may reach 20 million tons, driving demand for steel-related raw materials.
In addition, China's economic recovery has the opportunity to stimulate the positive development of real estate. The increase in domestic demand has gradually digested stocks and reduced the dumping of low-priced steel overseas, which will contribute to global market stability.
Although due to geographical relations, the steel for Ukraine's reconstruction may be supplied by European steel mills, the European market is a net import of steel, with Asian origins accounting for 62%, so Taiwan's China Steel Corp., Chung Hung Steel, and Yieh Phui Enterprise may all benefit.
