China is set to produce 100 million metric tons of crude steel in 2017 , a 0.5 % increase on last year , but 80 % of it is destined for the domestic market , according to a report by une Research . The paper cited government - backed infrastructure projects involving " airports , water , rail , power , and roads and bridges " as the driving force behind the steel demand , allaying " Western fears of steel dumping " . China 's export - grown requirements are set to reduce the global surplus from 10.9 million tonnes in 2016 to 3.2 million tonnes in 2017 .
China is set to produce 825 million metric tons of crude steel in 2017, a 0.5% increase on last year, but 87% of it is destined for the domestic market, according to a report by BMI Research. The paper cited government-backed infrastructure projects involving "airports, water, rail, power, and roads and bridges" as the driving force behind the steel demand, allaying "Western fears of steel dumping". China's home-grown requirements are set to reduce the global surplus from 10.9 million tonnes in 2016 to 3.2 million tonnes in 2017.