Under the dual pressures of remaining domestic production capacity at an absolute high and a continued influx of imported goods, the fundamental oversupply in the market remains unresolved in the short term. Although prices have approached the full cost of high-cost production capacity, many private enterprises, supported by long-term contract settlement prices and the expectation of lower ore prices, generally maintain high-load operations, and their willingness to voluntarily reduce production is limited in the short term. Easing supply pressure still requires a larger and more sustained capacity reduction, and a true reversal in the price trend will take longer to confirm.
（Chinese version）
（English version）
