The country will support advanced competitive enterprises China will ban new steel capacity and cut steel production in the latest move to balance supply and demand in the industry, Bloomberg reports. According to the 2025-2026 sector plan published by the Ministry of Industry and Information Technology and other agencies, the government’s measures also include increasing the production of high-quality steel and promoting its use in construction and transportation. According to the statement, China will continue to implement the policy of production cuts, meet annual targets to control this process, support advanced enterprises and force outdated, inefficient capacities to be removed from the market. According to Chinese media reports, the work plan states that in 2025-2026, Chinese steelmakers should strive for an average annual growth in value-added pr...

The EU was the largest export destination during this period India increased its steel exports (including stainless steel) by 22% year-on-year – to 3.2 million tons in April-August (five months of 2025/2026), according to preliminary data reported by BigMint. In particular, exports of hot-rolled coil (HRC)/sheet increased by 12% year-on-year (0.67 million tons) during the period, pipes by 26% year-on-year (0.8 million tons), and long products by 26% (0.29 million tons). Supplies of cold-rolled products (CRC) abroad fell by 10% in April-August, to 0.19 million tons. Total exports of stainless steel in the specified period increased by 2% to 0.3 million tons. Indian steel exports to the EU in the first five months of 2025/2026 increased by 32% y-o-y to 1.37 million tons, with the bloc being the largest export destination for Indian steelmakers. Among...

Trade case opened following complaint by EUROFER The European Commission has announced the opening of an anti-dumping investigation into imports of certain flat cold-rolled steel products (CRF) from India, Japan, Taiwan, Turkey, and Vietnam. This is stated in a press release from the institution. The investigation was initiated following a complaint lodged by the European Steel Association (EUROFER) in August this year. The complaint alleges that imports of the products concerned originating in the five countries listed are being dumped, causing injury to the steel industry in the bloc. In addition, the complainant indicated that there is a special market situation in the countries concerned. The investigation will cover the period from July 1, 2024, to June 30, 2025. The examination of trends relevant to the assessment of injury will cover...

The pipe sector has recorded its fifth consecutive quarterly decline, with recovery expected only in 2026 The EU steel pipe sector remains at risk. According to the EUROFER Economic and Steel Market Outlook Q3 report, pipe production fell by 3% year-on-year in Q1 2025. This was the fifth consecutive quarter of decline after a 1.8% drop in Q4 2024. The industry lost momentum in the second half of 2022, when the market was affected by the war in Ukraine, supply disruptions, and sharp fluctuations in energy prices. Despite lower gas and oil prices in 2023-2024, uncertainty about energy markets and weak global economic prospects continue to weigh on the sector. Investment in pipeline projects remains low as the EU accelerates its shift away from pipeline gas in favor of LNG shipments. In 2023, pipe production fell by 1.3% y/y, and in 2024 by another 2....

The conference will provide an opportunity to understand the Chinese market and communicate with its key players On October 30-November 1, 2025, the China Steel Industry Summit for 2026 Market, organized by SteelHome, will be held in Nanjing, China. The event is expected to attract around 1,000 participants, including representatives of the government, industry associations, more than 150 steel mills, mines, traders, research institutes, the media, and delegates from more than 20 countries. The conference will provide a unique opportunity to understand the Chinese market and interact with its key players. The event will address a wide range of issues related to the dynamics and challenges of the steel, iron ore, coal, and coke markets. It will serve as a platform for in-depth discussion of new trends, market forces, technological advances, sustainable development initi...

The duties will be imposed for a period of four months starting September 1   South Korea’s Ministry of Economy and Finance has imposed temporary anti-dumping duties on hot-rolled coils (HRC) made of carbon and alloy steel from China and Japan. This was reported by Mysteel Global. The temporary duties will be imposed for a period of four months, starting September 1. The temporary anti-dumping duty rates range from 31.58% to 33.57% for Japanese companies and from 28.16% to 33.1% for Chinese companies. The investigation was launched in March this year based on a petition filed by Hyundai Steel. The latter claimed that HRC from China and Japan was sold at dumping prices, which caused damage to the local industry. In July, the South Korean Trade Commission (KTC) recommended that the Ministry of Economy and Finance impose prelimi...