With China’s steel export licensing system in effect, the South Korean steel industry remains cautiously optimistic

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On January 1, 2026, China officially implemented export license management for approximately 300 types of steel products. B35AH230 Non oriented electrical steel, Against the backdrop of a global surplus of low-priced steel and a prolonged slump in the South Korean steel industry, this move has triggered a "cautiously optimistic" expectation from South Korea.

Previously, the South Korean government had already imposed anti-dumping duties on Chinese-made medium and heavy plates and hot-rolled coils. Some South Korean companies, due to weak demand, even halted production ahead of schedule at the end of 2025. B35AH230 Non oriented electrical steel, Analysts point out that while export controls may alleviate downward price pressure, they could also prompt Chinese steel exporters to shift towards higher value-added products, thus putting pressure on South Korean companies in the high-end market.

In October 2025, China released a plan to promote the restructuring of the steel industry and enhance its competitiveness. Against this backdrop, POSCO Group Chairman Jang In-hwa is expected to accompany President Lee Jae-myung's delegation to Beijing, leading to market speculation that he may discuss issues such as reducing exports to South Korea with the Chinese side. B35AH230 Non oriented electrical steel, Furthermore, POSCO sold its loss-making stainless steel plant in China last July, signifying an accelerated shift in its strategic focus towards emerging markets such as India.

  • Source: Abstract
  • Editor: Shirley

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