The decision came immediately after market rumors suggested that Beijing was considering such a measure.
China, the world’s largest steel producer, has delivered a stronger-than-expected export performance since 2023. Total steel exports reached 107.72 million metric tons in January–November 2025, marking a 6.7 percent increase compared to the same period last year. This increase shows that the annual export volume is moving toward a record level.
China’s strong steel exports signal concerns as the real estate sector has long been under pressure, leading to weakened domestic demand. However, this intense export trend has also prompted many countries to introduce trade measures that negatively affect their local industries. Several countries have already implemented anti-dumping actions, rapid safeguard tariffs, and other protective measures, arguing that cheap Chinese steel is disrupting their markets.
Beijing’s export license requirement is viewed as part of a series of steps aimed at stabilizing the domestic market and creating control mechanisms against rising pressure in foreign trade.
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