BEIJING (Dec 26): China on Friday said it will continue to regulate crude steel output and prohibit the addition of illegal new capacity from 2026 to 2030. In 2021, the world's largest steel producer and consumer put an end to growth in crude steel output as part of a plan to limit carbon emissions. In the first 11 months of 2025, China's crude steel output fell 4% from a year earlier, keeping the annual total on track to fall below one billion tons, the first time in six years. Since 2023, China's steel exports have been robust, partly offsetting falling demand at home. Last week, Beijing unveiled a plan to roll out a licensing system from 2026 to regulate exports of some 300 steel-related items.

Source: The Edge Markets December 26, 2025 04:23 UTC