China Records Record Steel Exports Amidst Domestic Demand Concerns and High Iron Ore Imports

China's steel exports reached a record high in December, with 11.3 million metric tons shipped, driven by exporters rushing to meet new license rules effective in 2026. Despite this export surge, domestic steel demand is projected to decline this year due to the ongoing property market downturn. Concurrently, China's iron ore imports also hit a record high for the year, indicating sustained demand for raw materials in steel production.