China’s Jingye Steel has formally triggered international investment treaty proceedings against the UK government, demanding "timely, adequate, and effective compensation" following London's moves to strip the Chinese firm's ownership and fully nationalize British Steel.

The EU is moving forward with new rules on steel to protect the EU market from "global overcapacity," a move likely to exacerbate trade tensions with China in the process.

Earlier this year, Australia initiated a safeguards investigation on fabricated structural steel ("FSS"), with Chinese products as one of the main sources of imports.

At a meeting of the WTO's Council for Trade in Goods in late November, for which the minutes were recently circulated, China raised a new concern with the EU's proposed steel tariff rate quota measure, and several previously raised measures were discussed as well.

Canadian Prime Minister Mark Carney's visit to China has led to the announcement of resolutions to several high-profile trade disputes between the two countries.

The EU is moving forward with new trade restrictions on steel imports, which are likely to aggravate trade tensions with China and other countries.

China's request for WTO consultations on recent Canadian measures restricting Chinese steel and aluminum has been been posted on the WTO website, with China's legal claims now set out in detail.