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China's Overseas Odyssey & Steel's Sovereign Surge

China's overseas steel capacity currently stands at 30 million metric tons, with projections reaching 50-60 million metric tons by the end of the 15th Five-Year Plan period. CISA promotes internationalisation through three coordinations: outbound investment and exports, domestic enterprise collaboration, and host-country localisation. Crude steel output fell 4.4% in 2025 to 960.8 million metric tons, while exports surged to 119 million metric tons. The MENA region, especially Saudi Arabia, is a key destination.

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