India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
China will introduce an export licensing system for certain steel products starting January 1, 2026, covering around 300 customs codes, according to the Ministry of Commerce (MOFCOM) and related notices.
MOFCOM spokesperson He Yadong said the primary purpose is to strengthen monitoring and statistical analysis of steel exports and to track the quality of exported products. The new rules also require firms to submit proof of product quality inspection when applying for export licences, aimed at pushing companies to prioritise quality and invest more in R&D, supporting the steel industry’s “high-quality development.”
MOFCOM added that the policy is consistent with WTO rules and does not impose export volume restrictions or limit business qualifications.
Reuters noted the move comes as China’s strong steel exports have contributed to rising protectionist pressure globally. From January–November 2025, China’s steel exports rose 6.7% year-on-year to 107.72 million tonnes, keeping the country on track for a record year.
Also Read : China’s Steel Exports Rise 6.3% in Q1 2024 Amid Global Tariff Tensions China’s Crude Steel Demand to Fall to 850 Million Tonnes in 2025: MC-CCPIT
MSME steel importers have appealed to the government to allow a one-time exemption for shipments alr...
India 22-Sep-2025
Tata Motors, a country's major auto maker company has declared a major manufacturing investment in T...
Large Corporate 14-Mar-2024
The European Union (EU) and the United States are engaged in discussions to merge their efforts in e...
Europe 12-Feb-2024
In July 2024, Chinese blast furnaces encountered significant financial losses due to declining reven...
Raw Material 29-Aug-2024
State-owned GMDC announced that it has received approval to expand the capacity of its Surkha lignit...
Raw Material 10-Jan-2024
Man Industries (India) has signed a memorandum of understanding (MoU) with Aramco Asia India to expl...
Construction 20-Nov-2025