In the early years, China's steel production was not a dazzling presence in the world, but after years of development, China's steel production is now truly leading by a wide margin.

After all, last year alone, our crude steel production reached several hundred million tons!

Nearly one-tenth of this was used for exports.

Compared to the previous year, it increased by 36.2%.

With our strong production capacity, the demand for imported steel from abroad has certainly decreased significantly.

However, at the same time, we are also facing sanctions from abroad, with the United States being the first to act, as it has been suppressing us in various industries.

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Our steel market, which is a source of pride, will naturally become a target for suppression by the United States.

Indeed, this year, the United States has imposed sanctions on Chinese steel.

According to a report in the British Financial Times, within just half a year, the United States has started to impose additional tariffs on some Chinese steel and aluminum products entering the United States from Mexico.

This action by the United States has been described by British media as an attempt to prevent Chinese steel products from entering the American market.

It is reported that the U.S. government said that primary aluminum products from China entering the United States will face an increased tariff of 10%.

The report believes that with the U.S. presidential election approaching, the current U.S. President Biden has not gained any advantage over former President Trump in many industrial states, and can even be said to have directly lost to his opponent.

Therefore, the Biden administration will definitely try every means to win the votes of the many workers in these industrial states, thus choosing to fight for their profits.

This can also be inferred from the words of the "God of Wealth" of the Biden administration.

According to the current U.S. President's economic advisor Lael Brainard, China's steel entering the U.S. market through Mexico has evaded a lot of tariffs, which has undermined the U.S. government's investment and harmed the interests of many American workers.

In fact, this is not the first time the Biden administration has done this.

Previously, the U.S. government had already imposed sanctions on a Japanese steel company.

At that time, the Japanese steel company had planned to acquire an American steel company, but was directly stopped by the Biden administration.

However, the slogan of the Biden administration was also: "Standing together with the steel workers of the whole United States."

This time, the U.S. government's tariffs on Chinese steel imported into the United States from Mexico have also increased to 25%, which means that the tariffs on Chinese exports in this form have doubled.

Moreover, the U.S. government also requires Mexico to join together, and importers must provide the U.S. government with as much detailed product information as possible to allow the U.S. government to understand which country the steel products come from.

This action by the United States has a huge impact on China's domestic steel market and steel companies.

After all, as mentioned before, China is now the largest producer of steel, and many Chinese steel companies have been relying on exporting various types of steel to make money.

Now, many Chinese steel companies have already gone bankrupt.

With the changes in the international steel market, there has been a huge blow to many domestic steel factories, and many steel companies have begun to enter maintenance.

According to the inference of professional analysts from the China Steel Network, many merchants have also started to clear inventory activities before this, and have reduced the price of their company's products.

And domestically, due to the sudden change in the weather across the country last month, the existence of rain and high temperatures has made construction conditions not very convenient.

Therefore, there is no strong motivation for steel prices to rise, which also makes the entire steel market very sluggish.

According to incomplete statistics from the China Steel Network, because the steel market price has always been difficult to rise, many steel mills have already appeared in a loss situation.

Helplessly, they can only start maintenance, and more and more steel markets are joining this helpless group.

By the end of July, nearly forty steel mills have successively started maintenance work, and according to the prediction of the China Steel Network, just one week later, there will be another twenty steel mills joining this group.

In fact, these steel mills can still maintain a worse situation, our domestic steel industry legend, Delong Nickel Industry has even applied for bankruptcy reorganization.

At the end of July this year, the People's Court of Xiangshui County, Jiangsu Province, announced the filing and review of several metal companies, but so far there has been no decision on whether to accept the case.

It should be noted that the registered capital of a single Delong Nickel Industry has reached 200 million yuan, and the several companies being tried by the Xiangshui County Court this time are all subsidiaries of Delong Nickel Industry.

At its peak, the company also cooperated with Indonesia, and the total output after cooperation can even reach 9 million tons.

It has more than 20,000 employees in both countries, forming an integrated full-process industrial chain, and last year it became the 47th among the top 100 private enterprises in the country.

Delong Nickel Industry is just a small epitome of many Chinese steel mills.

In the entire market, the reduction in production in just one month has reached 6.69 million tons, which is even more than the production in the previous quarter.

Undoubtedly, even if the weather is still hot now, this year can also be said to be a cold winter for China's steel market exports in the world.

For any market, "bottoming out and rebounding" can be applied, including the recent downturn in the steel market.

And from the previous reports of major foreign media, the tariffs imposed by the United States on China are not for the people in the country as the Biden administration said.

The ultimate goal is to gain more votes in the election, and now Biden has said that he will no longer seek re-election as president.

So there is still a great possibility of change in the steel market, which is also likely to be our "bottoming out and rebounding" opportunity.

Let our steel market break through the encirclement and be reborn.