News

China announces export licensing for 300 steel products starting January 1, 2026, aiming to address rising trade frictions with emerging Asian markets amid declining domestic production.

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China and Indonesia's surging stainless steel exports are eroding market share of Japan and South Korea, sparking protectionist measures across Asia.

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China's Ministry of Commerce has implemented an export license system for approximately 300 steel HS codes to improve monitoring, statistical analysis, and export quality without quantitative restrictions.

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The European Commission is preparing revisions to the Research Fund for Coal and Steel to speed up and streamline funding for low‑carbon steel projects across the EU, strengthening support for Europe’s industrial decarbonisation agenda.

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Inner Mongolia North Heavy Industries Group has achieved a technological breakthrough by mass-producing 17-meter ultra-high-pressure steel pipes, ending foreign monopoly in this critical petrochemical component.

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EUROFER says the European Commission’s latest CBAM adjustments remain insufficient to prevent carbon leakage and safeguard EU steelmakers’ decarbonisation investments.

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Ten Thai steel industry associations have urged the government to delay the restart of certain steel plants until stricter industrial standards and furnace regulations are enforced to safeguard product quality, market stability, and public safety.

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The European Commission is drafting an expansion of the Carbon Border Adjustment Mechanism that will extend further into steel supply chains, with significant cost and compliance implications for EU steel producers, importers, and industrial buyers.

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South Korea announces comprehensive steel industry restructuring with $139 million in subsidies for specialty steel R&D amid export challenges.

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China’s decision to introduce an export licensing regime for a broad range of steel products from January is set to realign Asian steel trade flows, pricing, and capacity utilization strategies for regional mills and service centers.

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