Steel structure market forecast in 2025
Analysis of National Crude Steel Production in 2024The national crude steel production in 2024 presents certain complexity and regulatory characteristics. According to relevant data, the cumulative domestic crude steel production in January and February reached 167.96 million tons, a year-on-year increase of 1.6%. However, since April, crude steel production has shown a downward trend. In April, the national crude steel production was 85.943 million tons, a year-on-year decrease of 7.2% and a month on month decrease of 2.6%. The total crude steel production in China from January to April was 343.67 million tons, a year-on-year decrease of 3.0% In July, China's crude steel production decreased by 9.0% year-on-year, to 82.9 million tons
The policy regulation has a significant impact on crude steel production in 2024. In 2024, the country will continue to implement policies to regulate crude steel production, emphasizing energy conservation and carbon reduction as the key, distinguishing situations, maintaining pressure, providing guidance by classification, and supporting the better and overcoming the worse, to promote the adjustment and optimization of the steel industry structure The implementation of this policy aims to smooth out the supply-demand contradiction, avoid drastic price fluctuations caused by overcapacity, maintain market order, guide steel enterprises to focus on optimizing product structure, increase the proportion of special steel and high-quality steel with high added value, and meet the urgent demand for high-end materials in China's manufacturing industry transformation and upgrading
From the perspective of market demand, downstream demand in 2024 did not meet expectations, resulting in an oversupply situation in the steel market and a decline in steel prices The global economic slowdown, deep adjustment of industrial structure, and increasing pressure on environmental protection and emission reduction have also posed many challenges to the steel industry
Forecast of Steel Structure, Steel Structure Factory, and Steel Structure Installation Market in 2025
Steel Structure Market
With the strong promotion of prefabricated buildings by the country and the emphasis on green buildings and sustainable development, steel structures, as an important supporting material for prefabricated buildings, have broad market prospects. It is expected that the market size of prefabricated steel structure construction in China will reach 753.3 billion yuan by 2025, with a compound annual growth rate of about 12.70% from 2020 to 2025 Under the promotion of policies, the application of steel structures in various fields such as residential, public facilities, and industrial buildings will become increasingly widespread, and their market penetration rate will continue to increase
Steel structure factory
The growth of the steel structure market will drive the development of steel structure factories. On the one hand, steel structure factories need to continuously improve their production technology and process level to meet the market's demand for high-quality and high-performance steel structure products; On the other hand, with the intensification of market competition, steel structure factories need to strengthen cost control and management, improve production efficiency, reduce production costs, and enhance market competitiveness. In addition, in order to meet the development needs of prefabricated buildings, steel structure factories also need to strengthen cooperation with upstream and downstream enterprises, establish a sound industrial chain cooperation model, and improve overall industrial efficiency.
Steel structure installation market
The steel structure installation market will also usher in good development opportunities. With the increasing application of steel structures in the field of construction, the demand for steel structure installation will also continue to increase. At the same time, with the increasing demand for building quality and safety, higher requirements will be put forward for the technical level and quality control of steel structure installation. Therefore, steel structure installation enterprises need to continuously strengthen technological innovation and talent cultivation, improve installation technology level and quality control capabilities, in order to meet market demand.
