China Fuels 300% Increase in Semi-Finished Steel Exports
China's Steel Exports Surge: China exported 7.4 million tons of semi-finished steel in the first half of 2025, a 320% increase from the previous year, primarily due to weak domestic demand in construction and real estate.
Shift in Trade Dynamics: Semi-finished steel exports, particularly steel billets, have become a significant part of China's outbound shipments, accounting for 14% of total steel exports in July, despite anti-dumping measures targeting finished steel.
Domestic Concerns: The China Iron and Steel Association has raised concerns that increased raw steel exports harm local processing capabilities and inflate iron ore prices, negatively impacting domestic steelmakers.
Diplomatic Engagements Amid Trade Tensions: As steel exports continue, Chinese trade envoy Li Chenggang is set to meet U.S. officials in Washington to discuss trade issues, signaling potential progress in U.S.-China economic relations amidst ongoing tensions.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.541 | 2.28 | 3.041 | 3.78 | 4.541 | 5.28 | 6.041 |
| Fibonacci | 2.28 | 2.853 | 3.207 | 3.78 | 4.353 | 4.707 | 5.28 |
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