Story perspectives

China's Wang Meets EU, UK on Steel Overcapacity Dispute

6/29/2026

Summary

Story summary

Wang Wentao met EU trade commissioner Maroš Šefcovic in Brussels on 29 June, left overcapacity-plan unresolved and traveled to United Kingdom to meet Peter Kyle, who will nationalise Chinese-owned British Steel despite £1 billion claim.
EU officials warned plan makes vulnerable to China’s surplus, while Friedrich Merz added subsidies and market-flooding create distortions EU cannot accept.
China supplies 30% of output, consumes 13%, EU-China trade deficit €360 billion 2025 and €400 billion 2026.

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Story summary

Wang Wentao met EU trade commissioner Maroš Šefcovic in Brussels on 29 June, left overcapacity-plan unresolved and traveled to United Kingdom to meet Peter Kyle, who will nationalise Chinese-owned British Steel despite £1 billion claim.
EU officials warned plan makes vulnerable to China’s surplus, while Friedrich Merz added subsidies and market-flooding create distortions EU cannot accept.
China supplies 30% of output, consumes 13%, EU-China trade deficit €360 billion 2025 and €400 billion 2026.