在2024年大幅下跌后，1月份钢筋期货价格低于每吨3300元人民币，反映出对中国经济复苏的乐观态度有限，因为中国经济的恶化减少了对建筑用钢筋和制造业及家电用箔的需求。该县的经济衰退主要源于其持续的房地产危机的恶化，尽管政府给予了关键支持，但10月份房价仍下跌了近6%。这些措施包括大规模公开购买住房库存，承诺扩大财政刺激赤字，宽松的货币政策，以及地方政府放宽购房规定。尽管如此，这些承诺还是遭到了金融市场的怀疑，并没有转化为黑色金属主要消费者的经济活动。全国制造业采购经理人指数（PMI）显示，今年大部分时间都在收缩，建筑业PMI自该指标创建以来首次反映了11月的收缩。
Steel rebar futures were below CNY 3,300 per tonne in January after recording a sharp decline in 2024, reflecting limited optimism of a recovery in China’s economy as its deterioration cut demand for steel rebars in construction and foils in manufacturing and appliances. The county’s economic decline mainly stemmed from the worsening of its ongoing property crisis, with housing prices declining by nearly 6% in October despite key government support. The measures included large-scale public buying of housing inventory, pledging a wider deficit for fiscal stimulus, loose monetary policy, and eased home-buying rules by local governments. Still, the pledges were met with skepticism by financial markets and have not translated into economic activity for major consumers of ferrous metal. The national manufacturing PMI pointed to a contraction through most of the year and the construction PMI reflected a contraction in November for the first time since the indicator was created.
