Chinese steel investment is gradually shifting from direct exports to localized production in Southeast Asia. New and planned projects in Malaysia, Indonesia, Vietnam, Thailand, and the Philippines are expected to strengthen regional supply, but if capacity growth continues to outpace demand, it could further intensify market competition.

Chinese-backed steel investment is increasingly shifting from direct exports toward local production across Southeast Asia. New and planned projects in Malaysia, Indonesia, Vietnam, Thailand and the Philippines could strengthen regional supply, but may also intensify competition if capacity growth continues to outpace demand.

New Delhi quietly renewed BIS certification waivers through September 2026, even as it talks tough on Chinese overcapacity. The contradiction reveals more about India's industrial gaps than its trade policy convictions