China's largest private steelmaker, Shagang Group, has kept its local steel plate prices unchanged for January 2026, signaling market stability in the Asian steel sector.

The EU's new steel safeguard measures will take effect on July 1, 2026, replacing current protections and capping imports to bolster European producers.

India's government has introduced safeguard duties of 11-12% on select steel imports, driving up prices for hot rolled, cold rolled, and flat products, affecting construction, engineering, and automotive sectors.

Marcegaglia Group CEO Antonio Marcegaglia anticipates a modest uptick in European steel consumption in 2026, fueled by destocking, reduced imports due to CBAM uncertainties, and infrastructure spending.

Korea's steel industry confronts a severe structural downturn exacerbated by U.S. tariffs and weak domestic construction demand, with production hitting 15-year lows.

The EU's Carbon Border Adjustment Mechanism (CBAM) effective January 1, 2026, is prompting European buyers to favor local mills, leading to longer delivery times and anticipated price hikes across stainless steel products.

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.