China is taking a larger share of the global steel export market, but weaker regional demand and new EU documentation requirements are adding pressure as 2026 enters its final quarter.
According to Signal Ocean data reported by Cyprus Shipping News, global seaborne steel shipments reached 22.2 million tonnes in July. Chinese exports rose by 9.1% compared with a year earlier, lifting China’s share to 45.7%, while shipments from other countries fell by 7.9%. India recorded a 51% increase in exports, although its volumes remained considerably smaller than China’s.
The Arabian Peninsula has become a smaller destination for steel shipments. Its share of global imports fell to 4.4% in 2026, compared with an average of 6.4% between 2022 and 2025, reducing an important outlet for Chinese producers.
Meanwhile, EU requirements applying from 1 October oblige importers to declare and document where steel was originally melted and poured. The measures aim to improve traceability and help address attempts to circumvent trade protections.
Turkey is among the markets to watch, given its reliance on Chinese steel and its exports to Mediterranean destinations. These trading relationships could come under further pressure as importers adjust to the new requirements.