In early 2026, China's steel industry faced new opportunities amidst a complex environment. Domestic macroeconomic policies continued to be implemented, with coordinated fiscal and financial measures to stimulate domestic demand, large-scale local government bond issuance, and green consumption policies providing support for steel demand. However, the formal implementation of EU carbon tariffs significantly increased export costs, and the international trade environment remained challenging, creating significant external pressure. In terms of industry operations, capacity utilization rates rose slightly, while raw material and finished steel prices fluctuated upwards. Looking ahead, the industry urgently needs to seize domestic demand opportunities while accelerating its green, low-carbon, and intelligent transformation to meet challenges and reshape its core competitiveness.
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