China to require export licences for some steel products
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China's Ministry of Commerce announced that export licences will be required for certain steel products starting January 1, 2026. This decision follows market speculation and comes as China's steel exports have remained strong, with a 6.7% increase in the first 11 months of 2025. The robust exports have helped offset domestic demand issues but have led to trade barriers from other countries due to the influx of cheap Chinese steel.
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