China’s Ministry of Commerce announced on Friday that it will introduce a licensing system for steel exports starting in 2026, covering around 300 steel products.
The ministry did not specify the reasons for the restrictions, but the move is widely seen as a response to criticism from Europe over cheap Chinese steel and the country’s persistent excess production capacity.
Under the new system, certain steel products will require export licences from January 1.
China’s steel exports rose 6.7% from January to November compared with the previous year, surpassing 107 million tonnes, despite high tariffs imposed by the United States.
European officials have long criticised Chinese steel for being priced well below that of competitors, partly due to government subsidies, arguing it undermines the EU’s steel industry.
The Iranian Health Ministry said at least 18 people were killed and 142 others injured in U.S. airstrikes carried out between 30 August 30 and 2 Se...
Russian President Vladimir Putin has said that he thinks there is a chance of a peace being reached with Ukraine. He told ...
Hua Hong Semiconductor, China's second-largest contract chipmaker, is investing $2 billion to build a new fabrication plant in Wuxi, China as p...
Russian President Vladimir Putin has said that he thinks there is a chance of a peace being reached with Ukraine. He told the Eastern Economic Forum in Vladivostok, Russia that he believed there was "a chance of finding a solution," to the conflict.
The U.S. has launched a fresh wave of strikes on Iran, targeting Islamic Revolutionary Guard Corps (IRGC) sites as Tehran retaliated against U.S. positions across the region, while Iranian officials said at least five people were killed and dozens wounded at a wedding near Sirik.
The Iranian Health Ministry said at least 18 people were killed and 142 others injured in U.S. airstrikes carried out between 30 August 30 and 2 September.
The European Union's foreign policy chief Kaia Kallas says the bloc will tighten enforcement of sanctions against Russia over its war in Ukraine. EU foreign ministers were meeting in Ireland following renewed Russian strikes on cities across Ukraine.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for the 3rd of September, covering the latest developments.
Russian President Vladimir Putin has said that he thinks there is a chance of a peace being reached with Ukraine. He told the Eastern Economic Forum in Vladivostok, Russia that he believed there was "a chance of finding a solution," to the conflict.
Spanish Prime Minister Pedro Sánchez has rejected claims that Moroccan authorities orchestrated July’s deadly mass border crossing into Ceuta, saying Spain has found no evidence that Rabat planned or carried out the incident.
Denmark’s Security and Intelligence Service, PET, has warned that Russia is actively preparing sabotage operations against targets in the country, with defence companies supporting Ukraine seen as a particular focus.
Pakistan and Kyrgyzstan have agreed to raise bilateral trade to $200 million within two years, as Prime Minister Shehbaz Sharif concluded a three-day visit to Kyrgyzstan.
The latest escalation between the United States and Iran is being fought not only on the ground and at sea, but increasingly in the skies above the Gulf where a missile launch or intercepted drone can force an aircraft thousands of metres above the region to change course.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment