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China’s new steel export rules won’t curb oversupply or stabilize prices, Nippon Steel says.
China’s 2026 steel export licence system, aimed at quality control rather than volume limits, is unlikely to reduce excess exports or stabilize global prices, according to Japan’s Nippon Steel president Tadashi Imai.
Despite a record 107.72 million tonnes exported in the first 11 months of 2024, the policy won’t address concerns over subsidized overproduction undercutting global markets.
Japan’s steel output is projected to drop to 80.33 million tonnes this year, the lowest since 1968.
U.S. tariffs are expected to cut Nippon Steel’s profits by about $130 million, though the impact is less severe than feared.
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Las nuevas reglas de exportación de acero de China no frenarán el exceso de oferta ni estabilizarán los precios, dice Nippon Steel.