MYSTEEL: How South Korea's K-Steel Bill could reshape China's steel exports

Early last month, South Korea's ruling and opposition lawmakers under the auspices of National Assembly Steel Forum jointly proposed the Special Act on Strengthening the Competitiveness of the Steel Industry and Transitioning to Green Steel Technology (the K-Steel Bill).

The bill is currently awaiting parliamentary approval, as reported. Benefiting from broad domestic consensus, the bill is widely expected to pass, representing a major industrial policy with both protective and transformative objectives, Mysteel understands. A key element of the bill is to tighten Korean steel import controls, including enforcing rules of