China's implementation of export licensing for 300 steel products starting January 1, 2026, offers cautious optimism for Korean steelmakers facing prolonged market slump.

China's new export licensing system for over 300 steel products effective January 1, 2026, is prompting regional steelmakers to reassess procurement amid potential short-term price gains and supply shifts.[1][2]

Italian steelmaker Marcegaglia expects slight European steel demand recovery in 2026, driven by destocking and reduced imports due to CBAM uncertainties.

India has introduced a three-year safeguard duty starting at 12% on certain steel imports from China, Vietnam, and Nepal to shield local manufacturers from cheap overseas shipments.

The European Commission has launched a review of steel import safeguards following requests from 13 EU member states to address global overcapacity and declining demand.

USAS Building System successfully lists on the Hong Kong Stock Exchange, marking a key advancement for China's industrial prefabricated steel structure sector amid rising manufacturing demands.

Sweden's Grangex has secured a new agreement with Anglo American to provide essential support for restarting the Sydvaranger iron ore mine in northern Norway, enhancing regional mining capabilities.

Southeast Asia's growing steel sector is set to drive higher scrap imports in 2026, countering weak demand elsewhere in Asia due to Chinese oversupply.

The Luxembourg government has purchased the bankrupt Liberty Steel site in Dudelange for €14.5 million to secure industrial operations and support steel sector recovery.

China's largest private steelmaker Shagang Group has signed a strategic cooperation agreement with CSSC Qingdao Beihai Shipbuilding to enhance end-to-end collaboration in steel supply and shipbuilding.