Steel output hit 2.68 million tonnes in June 2025, down 15.4% from June 2024 and 9.2% from May. Decline marks sixth straight month of annual drops. Oxygen furnace steel fell 20% year-over-year to 1.74 million tonnes and 13.3% month-over-month. Electric arc furnace steel dropped 7.2% year-over-year to 941 thousand tonnes. Pig iron production plunged 18.8% year-over-year to 1.63 million tonnes and 12.3% month-over-month. Hot-rolled steel decreased 10% year-over-year to 2.49 million tonnes. January-June steel output fell 11.6% to 17.11 million tonnes. Oxygen converters produced 11.44 million tonnes of steel, down 15.1% year-over-year. Electric arc furnaces made 5.67 million tonnes, down 3.6% year-over-year. Pig iron over six months dropped 14.5% to 10.64 million tonnes. Rolled steel production fell 8.6% to 15.28 million tonnes. CEO calls decline sign of dramatic industrial base collapse at 2009 financial crisis levels. Weak demand from construction, machine building, and automotive sectors hits steelmakers hard. High energy prices crush competitiveness. Industry demands top-level steel summit with politicians. 2024 production rose 5.2% to 37.23 million tonnes but stayed below recession-level 40 million mark.