China Iron and Steel Association said H1 2026 steel exports fell overall with stable prices; steel billet shipments rose sharply and 12 preliminary overseas investigations into Chinese steel were filed. It warned external constraints will tighten in

2026-08-03

China Iron and Steel Association said H1 2026 steel exports fell overall with stable prices; steel billet shipments rose sharply and 12 preliminary overseas investigations into Chinese steel were filed. It warned external constraints will tighten in H2 as the EU’s new steel safeguard cuts quotas and introduces a smelting-and-casting origin rule, and cited broader geopolitical disruption that will complicate exports. The association said it will strictly implement the steel export licensing system, prioritizing higher-end products, stabilizing nearby markets and tightening supervision. It called for stronger industry self-discipline, optimization of export structure, deeper focus on neighboring and emerging markets, proactive responses to trade frictions and adaptation to international rules to drive a shift toward higher-end, greener exports and ensure orderly development.

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Several state-owned and joint-stock banks, including Bank of China, China Construction Bank and Ping An Bank, have relaunched five-year large-denomination certificates of deposit as lenders seek to lengthen liabilities amid NIM pressure and shorter d

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