China on Friday said it will continue to regulate crude steel output and prohibit the addition of illegal new capacity from 2026 to 2030. In 2021, the world's largest steel producer and consumer put an end to growth in crude steel output as part of a plan to limit carbon emissions. The mandated output control also came as domestic steel consumption was hit by a protracted property market downturn, which left the industry plagued with overcapacity. In the first 11 months of 2025, China's crude steel output fell 4% from a year earlier, keeping the annual total on track to fall below 1 billion tons, the first time in ... (full story)