
China pledges to control steel output during 2026-2030 period

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China will regulate crude steel output from 2026 to 2030, prohibiting illegal new capacity to limit carbon emissions and address overcapacity due to a property market downturn. The National Development and Reform Commission emphasizes supply-side reform during the Fifteenth Five-Year Plan. Robust steel exports have led to global trade barriers. A licensing system for steel-related exports will be implemented from 2026.

