At the “2025 China Steel Market Outlook” annual conference, many participants were concerned about whether the profit margins for steel companies in 2025 could expand, whether there would be an orderly exit of capacity on the supply side, and which factors companies should rely on for long-term development. Industry insiders believe that the survival pressure on steel companies may ease in 2025.The increased supply of upstream resources such as iron ore, coke, and coking coal may lead to a decrease in their prices, resulting in reduced costs for steel companies. The market may follow the logic of upstream profit concession. Market participants indicated that although steel prices are still expected to decline in 2025, the profit margins for steel companies might increase.