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On February 28, 2025, the South Korean Ministry of Trade, Industry and Energy (MOTIE) decided to initiate an anti-dumping investigation into HRC imported from China and Japan. This decision was made based on a petition from domestic steel mills.For more information about the incident, follow the article below by MRS Group.Steel imports from China and Japan are under investigationDetails of the incidentPlaintiff: Hyundai Steel Co., LtdDefendant: Japan: JFE Shoji Corporation, Nippon Steel Trading Corporation, Sumitomo Corporation Global Metals Co., Ltd., Dongkuk Corporation, Seah Japan Co,. Ltd, Young Steel Co,.Ltd.China: Benxi Iron and Steel Group International Economic and Trading Co,. Ltd., Dalian Woo Ho Hongkong International Ltd., Howa Trading Co,. Ltd., Sharpmap International Hongkong Co,. Ltđ, and Sino Commodities International Pte,. Ltd.Items under investigation: Hot-rolled coilHS code: The products in question fall under the Harmonized Tariff Schedule of Korea numbers HSK: 7208101000, 7208109000, 7208251000, 7208259000, 7208261000, 7208269000, 7208271000, 7208279000, 7208361000, 7208369000, 7208371000, 7208379000, 7208381000, 7208389000, 7208391000, 7208399000, 7208400000, 7208531000, 7208539000, 7208541000, 7208549000, 7208900000, 7211130000, 7211141000, 7211149000, 7211191000, 7211199000, 7225301000, 7225309010, 7225309091, 7225309092, 7225401000, 7225309099, 7225409092, 7226200000, 7226911000, 7226912000 và 7226919000.The plaintiff in the case is Hyundai Steel Co,.LtdWhy does Korea impose tariffs on Japan and China? South Korea decided to investigate and possibly impose anti-dumping duties on HRC imported from Japan and China for the following main reasons:Dumping damages the domestic steel industryIn the petition, Hyundai Steel claimed that hot-rolled coil from Japan and China was priced 10-30% lower than the prices of Hyundai Steel's and POSCO's own products. This puts pressure on prices and profits at domestic manufacturing enterprises.Protect domestic industryThe steel industry is a strategic industry in Korea, contributing greatly to the economy and employment. Importing cheap steel in large quantities could make domestic producers unable to compete, leading to a decline in production. Specifically, according to information from the Korea Steel Association, from January 2024 to November 2024, Korea imported 3.43 million tons HRC, of which China was 1.53 million tons and Japan was 1.77 million tons, accounting for a total of 96.2% of total imports.Increased inventory and decreased profitsCheap steel from China and Japan is flooding the Korean market, causing domestic inventories to rise. This reduces revenue and forces businesses to reduce prices, directly affecting profit margin.Korea's steel industry is under threatWhat opportunities are there for Vietnam's steel industry?South Korea's investigation and the possible imposition of anti-dumping duties on HRC from Japan and China could open up many opportunities for the Vietnam steel industry.Increase steel exports to South KoreaIf anti-dumping duties are imposed, steel from China and Japan will become pricier in South Korea. This is an opportunity for Vietnamese steel enterprises to increase exports to this market with more competitive price advantages. Steel products that can be concentrated include hot-rolled coil, cold rolled coil, and galvanized steel coil.Expanding market share in Southeast AsiaChina may increase exports to Southeast Asian nations as a result of restrictions in South Korea. If Vietnam maintains and expands trade defense measures such as the recently applied anti-dumping duty, domestic enterprises can gain an advantage at home and in the region.Vietnam may increase exports to South Korea as China and Japan face tariffsOpportunities to increase domestic supply chainsIf it reduces its dependence on imported steel, the Vietnam steel industry can expand its domestic supply chain, from raw materials to finished products. This trait also helps reduce the risk of trade defense measures from abroad.Vietnam can take advantage of opportunities to boost exports hot-rolled coil to the Korean market. However, it also comes with significant challenges:Price competition: This is not only an opportunity for Vietnam but also for other countries in the region. Countries with low production costs will have a more competitive price advantage.Quality requirements: Korea and developed countries require high-quality standards, requiring Vietnam to invest more heavily in production technology.Sources of raw materials: Vietnam's steel production still relies heavily on imported materials, which puts pressure on costs.The article on MRS Group has provided you with the latest information about the case of Korea conducting an anti-dumping duty investigation against China and Japan. Stay tuned to MRS for the latest updates on the incident.

Recently, South Korea has officially imposed anti-dumping duty on steel plates imported from China. This choice was made in light of China's low-cost steel, which severely strained the domestic steel mills and compelled the government of South Korea to take action to safeguard indigenous companies.To know more about the incident, please follow MRS Group through the article below.South Korea has officially imposed anti-dumping duty on steel platesReasons for South Korea's anti-dumping duty on China steel platesRecently, China has boosted steel plates exports at low prices, causing many countries to worry about the risk of dumping. In addition to causing significant pressure on Korean steel mills, the result also upsets the market and fosters an unfair competitive environment.Following an examination, the South Korean government came to the conclusion that the domestic steel industry was suffering greatly as a result of steel plates imported from China being sold for less than its true value. Therefore, the country has decided to impose an anti-dumping duty to limit negative impacts and protect domestic enterprises. Chinese steel plates is being dumped in the Korean marketAnti-dumping duty on Chinese steel platesBased on a report from the Korea International Trade Association, anti-dumping duty will be applied to each Chinese enterprise depending on the level of violation. Specifically:China Baowu Steel Group: 27.91%Shagang Group: 29.62%Hunan Valin Xiangtan Iron & Steel and Xiamen ITG Holding: 38.02%Others: 31.69%According to the findings of a preliminary inquiry, there were "sufficient grounds" to infer that dumped imports had seriously harmed the domestic industry, according to The Ministry of Trade, Industry & Energy. Steel mills with serious violations may be subject to higher taxes to minimize negative impacts on the Korean steel industry.An anti-dumping duty will be applied to each enterpriseForecasting steel market trends in the coming timeThe imposition of anti-dumping duty on steel plates from China may help maintain stability in steel prices in the Korean market, but at the same time it will affect supply. A significant step in assisting South Korea in shielding its domestic industry from the pressures of cheap steel is the decision to put anti-dumping tariffs on China steel plates. But this action also poses serious problems for the world steel market, requiring companies to swiftly modify their plans in order to respond to changes in global commerce.The steel industry in China has challengesWhere is the opportunity for Vietnam's steel industry?South Korea's imposition of anti-dumping duty on China steel plates could create many opportunities for Vietnam's steel industry, including:Expanding export market share to KoreaMany Vietnam steel mills are seizing the chance to increase their market share in this industry as a result of South Korea's high tariffs on China steel plates. Vietnam steel can boost exports to South Korea with tariff benefits from trade agreements and product quality.Improve competitivenessVietnamese enterprises can upgrade production technology to improve steel quality to meet Korean standards. Expanding capacity and diversifying products will help reduce dependence on supplies from China, creating a sustainable competitive advantage.Opportunities for collaboration and investment attractivenessKorean steel mills can cooperate with Vietnam partners to maintain stable supply while expanding investment opportunities. Vietnam also has the potential to attract FDI from international steel mills wanting to build manufacturing plants to mitigate the impact of trade barriers.Stabilize selling prices and reduce competitive pressureReducing imports of cheap steel from China helps reduce fierce competition in the regional steel market. Vietnamese enterprises can adjust their selling prices more reasonably and are not under competitive pressure from Chinese steel.Vietnam must take advantage of Korea's anti-dumping of China steel platesProtectionist trade trends may bring long-term advantagesIf many other countries also apply similar measures as Korea, Vietnam's steel industry can benefit when exporting to markets apart from Korea. This is an opportunity for Vietnam to build its own steel brand, creating a sustainable competitive position in the international market.However, to take advantage of these opportunities, Vietnamese enterprises need to improve product quality, optimize production costs, and ensure compliance with international standards.The above article has provided you with the latest information on South Korea's imposition of anti-dumping duty on Chinese steel products, as well as the impact of this policy on the regional steel market and opportunities for Vietnam steel mills. Follow MRS Group on a regular basis to stay up to date on global steel market news.

Recently, on February 21, 2025, the Ministry of Industry and Trade issued a decision to apply a temporary anti dumping duty on some hot - rolled coil (HRC) products imported from China. The range of relevant duty rates is 19.38% to 27.83%.For a more thorough analysis of the situation, read the article from MRS Steel below.Vietnam imposes an anti-dumping duty on Chinese HRCBackground and causes of the incidentItems under investigation: Hot-rolled coil HS Code: 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.20, 7208.39.40, 7208.39.90, 7208.51.00, 7208.52.00, 7208.53.00, 7208.54.90, 7208.90.90, 7211.14.15, 7211.14.16, 7211.14.19, 7211.19.13, 7211.19.19, 7211.90.12, 7211.90.19, 7225.30.90, 7225.40.90, 7225.99.90, 7226.91.10, 7226.91.90Plaintiff: Hoa Phat Group and Formosa Ha Tinh Steel CorporationPeriod of investigation: 26/7/2024Duty decision date: 21/02/2025Cheap imported steel damages the domestic steel industryDetails of the duty decisionThe duty rates applicable to Chinese enterprises are as follows:Baoshan Iron & Steel, Maanshan Iron & Steel: 27,83%Guangxi Liuzhou Iron and Steel Group: 19,38%.The Ministry of Industry and Trade collaborated with pertinent organizations throughout the inquiry to examine and evaluate the effects of dumping on the domestic manufacturing industry. The agency also investigated the level of dumping by Indian and Chinese exporters. According to the investigation's findings, HRC steel from India is exempt from anti-dumping duty because the country's import rate is so low, less than 3% despite the evidence of dumping. The application period is 120 days from the date of effect, and the provisional anti-dumping duty goes into force 15 days after the decision is made. Following the implementation of interim anti-dumping levies, the Ministry of Industry and Trade will keep collaborating with pertinent stakeholders to gather and validate data. It is believed that a temporary anti-dumping tariff must be implemented in order to shield the domestic steel industry from pressure from low-cost imported steel.The duty takes effect after 15 days and is applicable for 120 daysImpact of this decisionFor domestic steel millsSafeguard domestic steel mills: Enterprises such as Hoa Phat Group and Formosa Ha Tinh Corporation will benefit when cheap steel imports from China are restricted. This helps to reduce unfair competition and promote the development of domestic enterprises.Increasing domestic output: Domestic steel mills are encouraged to invest in increasing output and raising the caliber of their products when the importation of steel products declines. Additionally, growing output lessens reliance on imports, improving Vietnam's steel industry initiative. For Vietnam steel industryStabilize prices, reduce cheap steel imports: Vietnam's market prices have fallen precipitously as a result of cheap imported steel products from China, making it challenging for local mills to compete. By stabilizing steel prices, tariffs could improve profit margins for domestic steel mills. Effects on mills that use HRC as a source of input: The implementation of an anti-dumping tariffs on China has restricted the supply of low-cost steel, which has raised production costs and product prices for mills such as Hoa Sen, Ton Dong A, Nam Kim, and others that use HRC as input materials. For Chinese steel millsVietnam is one of the important markets for hot-rolled coils from China. According to 2024 customs data, the amount of HRC imported from China to Vietnam exceeded 10 million tons. However, with anti-dumping duty rates ranging from 19.38% to 27.83%, the competitiveness of Chinese steel in the Vietnamese market has significantly decreased compared to domestically produced products or products imported from other countries.In addition, along with the risk of trade retaliation, China may apply retaliatory measures, such as increasing duties or tightening imports of goods from Vietnam, especially raw materials or other steel products.China's supply chain is impacted by tariffsThe most recent details regarding Vietnam's anti-dumping tariffs on HRC steel imports from China and India may be found in the article on MRS Group. Follow me to regularly update new information about the world steel market.

On February 17, 2025, the Trade Remedies Authority of Vietnam received information that the International Trade Administration Commission of South Africa (ITAC) had officially initiated a safeguard investigation on imported corrosion resistant steel coil. Initiation was chosen in order to safeguard the steel industry against unfair competition.Please read the article below and join MRS Steel to get more information.Anti corrosion steel coil is being investigated by trade safeguardOverview of the incidentItems under investigation: Corrosion resistant steel coilSouth Africa imports commodity codes: 72106120, 72106130, 72259225, and 72259235.Plaintiff: ArcelorMittal South Africa Limited (AMSA)Initiation Date: February 3, 2025Period of investigation: May 1, 2021 - April 30, 2024Corrosion resistant steel coil is the item under investigationDetails of the incidentThe plaintiff claims that unexpected changes during the Uruguay Round discussions (1986 - 1994) were the cause of the sharp rise of imported steel. In particular, tariff changes brought about by the division of steel into two distinct HS codes alloy steel (HS 7220) and non-alloy steel (HS 7208), have resulted in an abrupt rise in import production. Furthermore, the Southern African Customs Union (SACU), which has five members (South Africa, Botswana, Lesotho, Namibia, and Swaziland), are under a lot of strain due to the global overabundance of anti corrosion steel coil, particularly from China.The plaintiffs also cited research and other arguments that demonstrate China has not developed into a fully market economy as promised to WTO members during earlier talks. Additionally, China's economy has been steadily declining since 1994, and major steel companies have increased production and exports, resulting in excess. Due to a decreasing domestic steel market and indicators of slowing economic growth, China has been forced to increase exports in order to address the excess issue. In order to safeguard domestic steel production, this forces nations to strengthen trade defenses. Additionally, throughout the period from May 1, 2022, to April 30, 2024, the petition highlighted indicators indicating the domestic manufacturing sector is experiencing significant harm, including a decline in output, revenue,South Africa imports more steel than ever beforeInvestigation procedureManufacturing and exporting enterprises are obliged to register as related parties. The registration deadline is February 3, 2025, which is 20 days from the date the investigation was started. Following the start of the investigation, relevant manufacturing and exporting businesses have 20 days to provide feedback on the matter and request consultation. All relevant documents should be submitted to the following address:Submit directly: Trade Remedies I, International Trade Administration Commission, Block E - DTI Campus, 77 Meintjies Street, Sunnyside Pretoria, Block Uuzaji, Ground Floor.Postal address: Trade Remedies I, Private Bag X753, Pretoria, 0001, South Africa. Tel: +27 12 394 3600Fax: +27 12 394 0518Alternatively, interested parties may also contact the responsible officers directly: Mr. Busman Makakola at bmakakola@itac.org.za and Ms. Mosa Sebe at msebe@itac.org.za.As the investigation progresses, ITAC will publish preliminary and final findings, conduct on-site inspections, and hold hearings to confirm information in order to support decisions about evasion, harm to domestic industry.As linked parties, businesses must registerNotes for Vietnamese businesses before this incidentFaced with this issue, the Trade Remedies Authority of Vietnam (The Ministry of Industry and Trade - MOIT, Vietnamese) suggests that Vietnam steel mills selling anti corrosion steel coil to South Africa should note:Keep a close eye on the case: To ensure prompt reaction strategies, update information about the investigative process.Complete cooperation with ITAC: To protect rights and prevent being subject to disadvantageous duty rates, provide records and documentation as needed.Find new market opportunities: If South Africa implements safeguards, evaluate the potential for growth into other markets to reduce risks.Increase Competitiveness: In the face of rising trade obstacles, retain export advantages by optimizing production costs and improving product quality. South Africa's application of trade defense measures greatly affects the economic situation of businesses, so businesses need to be proactive and cooperate closely with management agencies and regularly provide and exchange information with The Ministry of Industry and Trade to receive timely support.Vietnam steel mills need to closely monitor the case's progressThe article on MRS Group has provided you with the latest information on the incident of South Africa initiating an anti dumping investigation on corrosion resistant steel coil. Follow MRS, we will continuously update information about the incident. 

The world steel market has always been one of the most competitive markets. With the strong development of the steel industry in many countries, the US recently decided to impose a 25% duty on imported steel, a move that could open up great opportunities for Vietnam steel enterprises.To learn more about the prospects that the Vietnam steel industry can take advantage of in the future, read the article below from MRS Steel.A wave of US duties is affecting the global steel marketThe effects of US tariffs on the global steel industryThe US recently levied a 25% duty on steel imports. This choice was taken in order to shield the homegrown steel industry from intense competition from low-cost steel suppliers. This policy not only affects countries with developed steel industries but also affects the global steel industry. The imposition of tariffs will make steel more expensive, reducing competitiveness in the US market. This will lead to some steel importers looking for more cost-effective sources, which could alter the global supply chain.US tariffs will make steel more expensiveWhat opportunities for Vietnam's steel industry?As the US imposes a 25% duty on imported steel products, Vietnam's steel industry can take advantage of some great opportunities to expand its market and increase exports.Growth in exports to the US market: Vietnam is one of the leading steel-producing countries with low production costs, enabling Vietnam steel products to have more competitive prices than competitors. This is a key factor that helps Vietnam steel enterprises compete directly with other countries in exporting to the US.Promote technological innovation and product quality: The US decision to impose high tariffs may force steel exporters from other countries to seek new markets. Vietnam steel can take advantage of this opportunity to increase exports not only to the US but also to other countries affected by US tariffs, thereby contributing to expanding its global market share.Encourage investment and development of the domestic steel industry: To meet the strict requirements of the US market, Vietnam steel enterprises need to improve product quality and improve production processes. This will not only help satisfy the needs of customers in the US but also open up opportunities for Vietnam steel to reach other international markets, especially those with high standards.Vietnam can take advantage of available opportunities to boost exports to the USCompetitive advantages of Vietnam's steel industryCompetitive production costs: Vietnam's labor costs are still far lower than those of steel-producing giants like China, Japan, and South Korea. This gives domestic businesses a competitive price edge in the global market by enabling them to drastically cut production costs.Convenient geographical location: Vietnam's advantageous geographic location next to major markets like China, Asean, India, and Japan helps companies export steel at a lower cost of transportation. Furthermore, importing raw materials and exporting goods to other countries is made easier by the contemporary and growing seaport network.Free Trade Agreement: Due to its membership in numerous significant trade agreements, including the RCEP, CPTPP, EVFTA,... Vietnam has advantageous conditions for the export of steel. Domestic businesses benefit from preferential duty rates as a result of these accords, which makes Vietnam steel products more competitive when compared to nations without such advantages.Product quality is increasingly improving: Significant technological advancements have helped Vietnam steel industry meet international standards and increase product quality. Numerous domestic businesses have been successful in producing high-quality steel that is suitable for export to markets with significant demand, like the US and Europe.Products are increasingly improving in qualityChallenges and strategies to seize opportunitiesVietnam steel mills have numerous obstacles while trying to break into the US market, despite the abundance of prospects. Both adherence to import laws and extremely high standards of quality are necessary in this industry. Vietnam steel mills must thus concentrate on raising their level of competitiveness and increasing the quality of their products. Additionally, companies must thoroughly research US import and tariff laws to minimize needless risks. The opportunities and difficulties that the Vietnam steel industry faces when the US levies a 25% duty on imported steel products have been briefly discussed in the article on MRS Steel. Please get in touch with us if you need to buy premium steel products. MRS Group is always available to help and guide you in selecting the product that best meets your needs.

In the Weekly Steel Price Index for 2025/02/15, MRS Group provides an in-depth look at global steel price trends, highlighting key market changes in the EU, US and Asia. The latest update from MRS Group offers valuable insights for businesses and investors to stay ahead and adapt their strategies in 2025.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaHRC (Q195 3mm)Viet Nam465-470CFR Viet Nam – Mar/April shipmentChinaHRC (Q235)Viet Nam470-475CFR Viet Nam – Mar/April shipmentChinaSAE1006 50% 2mmViet Nam490CFR Viet Nam – Mar/April shipmentRizhaoSAE1006 50% 2mmViet Nam490CFR Viet Nam – Mar/April shipmentGermanyHRCNorth Europe 650-661EXW Germany – April shipmentItalyHRCNorth Europe619-650EXW Italy – April shipmentTurkeyHRCEU619-629CFR EU main port – April/May shipmentVietnamHRCEU>500 FOBIndonesiaHRCEU566-587CFR EU ports – April/early May shipmentKoreaHRCEU598-608CFR EU ports – April/May shipmentJapanHRCEU596-603CFR EU ports – April/May shipmentUSHRC US881EXW Mar/April shipmentMexicoHRCMexico685-710 Delivered priceIn the past week, investigations and updates regarding anti-dumping tariffs on steel exports to the EU have garnered significant attention from stakeholders in the steel industry. The EU has implemented robust anti-dumping measures on steel imports from several countries with high steel export volumes, particularly from Turkey, India, and China. Tariff rates for steel producers in Turkey, such as Çolakoğlu Metalurji A.Ş. (7.3%) and Erdemir Group (5%), reflect the EU's efforts to protect domestic steel manufacturers from unfair competition due to cheap steel imports. Companies such as Habaş Sinai and Ağir Haddecilik also face tariffs ranging from 4.7% to 7.3%, depending on the steel product being exported. These measures are part of the EU's long-term strategy to safeguard its domestic steel industry and maintain market stability.The situation in the U.S. steel market in the past week has continued to be influenced by rising prices due to import tariffs and protective measures for the domestic steel industry.. These price increases are primarily driven by import tariffs on steel from countries such as Mexico, Canada, and China. The U.S. tariff policy has created a favorable environment for domestic steel producers to raise prices, but it has also led to higher costs for imported steel, which in turn affects industries that rely on steel, such as construction and automotive manufacturing.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

The decision to impose tariffs on all steel imports to the US was made by President Donald Trump. The purpose of this action was to reduce reliance on imported steel and safeguard the indigenous steel production sector. But this choice has also sparked worries about a world trade war. These changes have the potential to impact numerous other economic sectors in addition to the steel industry.You can read more about this event in detail in the article that follows. For a better understanding of relevant developments, please follow MRS.Donald Trump makes the decision to duty all steel importsImported steel under duty pressure from the United StatesA deal that would impose tariffs on all nations that import steel into the US was just signed by US President Donald Trump. Therefore, exclusions and duty-free quotas for significant suppliers like Canada, Mexico, Brazil, and other nations are eliminated, and the imposed duty rate is 25%. The action is regarded as a watershed in the improvement of US trade policy and was a campaign pledge made by Donald Trump. Furthermore, President Trump made hints that he would think about enacting more tariffs on computer chips, pharmaceuticals, and cars. To reduce the amount of Chinese steel products that are imported into the US, the US will also impose new rules that require imported steel products to be "melted and poured" in addition to additional duties.Prior to this, in 2018, Donald Trump levied a 25% tariff on steel imports during his first term. Nonetheless, a few nations that trade with the United States, like Canada, Mexico, and Brazil, have been given tariff-free quotas for these goods. Since Biden took office, the UK, Japan, and other EU nations have been included in this quota. The domestic steel sector has suffered in recent years as the US steel mills reduced capacity due to this limitation. According to government statistics from the American Iron and Steel Institute, the top four countries from which the United States imports steel are Canada, Brazil, Mexico, and Vietnam. The tariffs are intended to improve national security, lessen reliance on imports, and safeguard the domestic steel sector. There are worries that nations would react against President Trump tariff policies, plunging the economy into a trade war. According to a February Reuters survey, U.S. consumer confidence dropped to its lowest level in seven months as respondents began to fear higher inflation as a result of tariffs.Imported steel under tax pressure from the United StatesWhat happens if steel products are subject to tariffs from the US?For the production of automobiles, aircraft, and buildings, steel is considered a crucial raw element. There will be numerous significant effects if the US levies a 25% tariff on steel imports:Increase product price: The chance to raise steel pricing will be available to domestic steel producers. This would raise the price of steel products in the US, which would have an impact on steel-dependent businesses, including construction, industrial manufacture, and automobiles. Negative impact on steel-dependent industries: Steel-using companies and industries will have to pay more, which may result in lower output, fewer jobs, or higher final product prices.Encourage domestic production: In order to lessen reliance on imported steel, this policy may incentivize indigenous steel companies to increase their output and make investments.While the purpose of this policy is to protect domestic industries, the decision could also have unintended consequences for the US economy. You learned about the increased duties the US is putting on imported steel products from the story on MRS. To read the most recent news about the steel business, follow MRS.

Stay updated with the Weekly Steel Price Index for 2025/02/08, brought to you by MRS Group. This report covers key global steel market trends, pricing shifts and trade updates, giving you the essential information you need to make informed decisions.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermViet NamHRCViet Nam503 - 505 USD/MTCFR Viet Nam – April shipmentChinaHRC Q195 (3mm base)Viet Nam465 - 475 USD/MTCFR Viet Nam – Mar/April shipmentChinaHRC Q235Viet Nam475 - 485 USD/MTCFR Viet Nam – Mar/April shipmentChinaSAE1006 (50% 2mm)Viet Nam490 USD/MTCFR Viet Nam – Mar shipmentChinaSAE1006 (50% 2mm)Viet Nam485 - 490 USD/MTCFR Viet Nam – Mar/April shipmentGermanyHRCEU630 - 640 EUR/MT (650 - 661 USD/MT)Mar/April shipmentItalyHRCEU600 - 610 EUR/MT (619 - 630 USD/MT)Mar/April shipmentTurkeyHRCEU590 EUR/MT (609 USD/MT)CFR FO EU main port – April shipmentUSHRCUS800 USD/Short ton (881 USD/MT)EXW – Mar/April shipmentMexicoHRCMexico660 - 710 USD/MTDelivered price – EXWViet NamHRCViet NamHPDQ closed offerExportStrengthening anti-dumping measuresThe European Union has launched an anti-dumping investigation on hot-rolled steel imports from Egypt, India, Japan and Vietnam. This investigation aims to protect the domestic steel industry from unfairly priced steel imports.Many Asian countries, including Japan, Turkey, and South Africa, have implemented over 40 new anti-dumping measures in 2024, mainly targeting steel products from China. This has led to a shift in steel flows to markets like Africa and the Middle East, putting pressure on prices and market stability in these regions.Impact of US trade policyThe Trump administration in the United States announced a 25% tariff on all imported steel and aluminum. This decision could affect global steel prices, especially for major steel exporters like China and Japan. However, the implementation of tariffs may lead to retaliation from other countries, creating trade tensions and impacting global supply chains.Global steel market outlook:Forecasts for 2025 indicate that the global steel market will continue to face challenges, including price volatility, pressure from trade protection measures and changing steel demand. Analysts recommend that businesses in the steel industry remain flexible and be prepared to respond to these fluctuations.These insights provide an overview of the global steel market, particularly regarding prices and anti-dumping measures. Understanding these factors will help businesses and investors make strategic decisions in the current market context.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

The "Weekly steel price index for 2025/01/11" highlights key steel price movements worldwide, with insights on trade policies, production shifts, and supply-demand dynamics. Discover how tariffs, production cuts and regional trends are influencing steel prices in major markets such as Europe, the US, China and India. Stay informed on the latest market changes affecting the steel industry this week with insights from MRS.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC of 3mm baseVietnam450-455CFR Vietnam – End of Feb/Early MarChinaQ235 HRCVietnam455-465CFR Vietnam – End of Feb/Early MarChinaSAE1006 50% 2mmVietnam475-480CFR Vietnam – End of Feb/Early MarIndonesiaWire rodVietnam480CFR Vietnam – Feb/Early Mar shipmentChinaWire rodVietnam455-460CFR Vietnam – Feb/Mar shipmentChinaWire rodPhilippines455-460CFR Manila – Feb/Mar shipmentIndonesiaWire rodThailand480-485CFR Thailand – Feb/Mar shipmentChinaWire rodThailand470CFR Thailand – Feb/Mar shipmentIndiaIS2062/E250 BR grade HRCDomestic (Mumbai)542-548EXW Mumbai – Feb shipmentRussiaHRC (1.9-4mm)Turkey520-530CFR Turkey – Feb/Mar shipmentChinaQ195 HRCTurkey490-510CFR Turkey – Feb/Mar shipmentTurkeyDomestic HRCTurkey550-565EXW Turkey – Feb/Early Mar shipmentEUHRCGermany600-630 (tradable: 564-594)EXW Germany – Feb/Mar shipmentEUHRCItaly580-600 (tradable: 564-584)EXW Italy – Feb/Mar shipmentUSHRCDomestic market750-800EXW US – Feb shipmentGCC2mm SAE1006 re-rolling gradeGCC ports515-520CFR GCC ports – Feb/Mar shipmentGCC3mm SS400/S235JRGCC ports500-505CFR GCC ports – Feb/Mar shipmentGCC3mm Chinese A36/Q195/Q235GCC ports495-500CFR GCC ports – Feb/Mar shipmentIndia2mm SAE1006GCC ports535CFR GCC ports – Feb/Mar shipmentTurkeyErdemir/Borcelik HRCEU560CFR EU main ports – Mar shipmentKoreaE250A/SPHT/E350 grades HRCEU570-580CFR EU ports – Mar shipmentChina1st tier mills (Baowu/Ansteel)GCC ports515-520CFR GCC ports – Feb/Mar shipmentChinaDomestic rebarTurkey475CFR Turkey – Feb/Mar shipmentIndiaIS2062/E250 BR grade HRCEU540-550CFR EU ports – Mar shipmentTurkeyDomestic HRCDomestic market550-565EXW Turkey – Feb/Early Mar shipmentMexicoDomestic HRC (Ternium/ArcelorMittal)Domestic market695-724 (equiv. 676-705)Delivered MexicoIn the past week, trade policies have continued to significantly impact steel prices, especially the protective measures taken by major countries. In Europe, the anti-dumping duties on steel imports from countries such as China and India remain high. Accordingly, the anti-dumping duty on imported HRC (Hot Rolled Coil) steel into the EU is up to 30-40%, reducing the supply of steel from these countries, which has led to a 5-7% increase in steel prices in Europe last week, reaching approximately €620-630 per ton.Similarly, the US continues to maintain a 25% tariff on steel imports from countries outside North America, including China. This creates a price discrepancy between domestic and foreign steel in the US, with the price of HRC steel in the US maintaining at $700 per ton, significantly higher than in other export markets. US steel producers benefit from this policy as they can keep prices stable, but it also forces steel importers to carefully consider purchasing steel from countries with high tariffs.In the past week, one of the noteworthy updates has been the reduction in steel production from China. This trend has been ongoing since the beginning of 2024, with the Chinese government continuing to implement measures to limit steel production in order to reduce environmental pollution. As a result, China's crude steel production in the past week decreased by about 2-3%, which has caused HRC steel prices in the Asia and Southeast Asia regions to rise slightly, by about $5-10 per ton compared to the previous week. Meanwhile, India and other major steel-producing countries like South Korea have been increasing their steel production to meet domestic and international demand. This helps maintain stable steel prices in India and South Korea. However, this increase in production is not enough to offset the shortage of steel from China, especially for products like HRC and rebar, causing global steel prices to remain high.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times. 

Nippon Steel declared it would sue President Joe Biden for his actions in approving the United States Steel and Nippon Steel merger.Follow the MRS article below to update the latest information about the incident.Nippon Steel intends to acquire United States Steel for approximately $15 billionUnited States Steel and Nippon Steel merger deal turns sourUpon January 6, Nippon Steel Corporation elected to file a lawsuit against President Joe Biden. Specifically, Mr. Joe Biden prevented this organization from acquiring United States Steel of America for approximately $15 billion USD. As a consequence, the US President declared that the acquisition of United States Steel by Nippon Steel would jeopardize the nation's national security and critical supply chain. However, in response to Mr. Biden's decision, Nippon Steel and United States Steel declared that they would exert every effort to safeguard their legal rights. Nippon Steel and United States Steel will also argue in court that Mr. Biden's decision violated due process under the US Constitution and that he failed to present sufficient evidence to demonstrate that the agreement between the two companies would endanger US national security. Furthermore, this is the first instance in which a Japanese company's merger and acquisition deal has been thwarted by a US president.Nippon Steel justified its acquisition of United States Steel by asserting that it would facilitate the company's resumption of operations, despite its numerous challenges. Additionally, the authorization of the acquisition will ensure that American individuals will continue to hold management positions and serve on the board of directors of United States Steel, as Nippon Steel will invest more than $2.7 billion. Nippon Steel's objective is to elevate its annual production capacity from 65 million tonnes to 85 million tonnes on a global scale. If the merger with United States Steel is finalized, this objective will be entirely feasible.Outside Nippon Steel headquarters in TokyoWhat impact would a combination between United States Steel and Nippon Steel have on the world steel market?A merger between Nippon Steel and United States Steel might result in a multinational steel corporation with significant future effects on the steel sector. Expanding the global supply chain: With their respective worldwide production and distribution networks, Nippon Steel and United States Steel will be better equipped to satisfy demand from a wide range of geographical areas as a result of the merger. Stronger competition: Following the merger, Nippon Steel and United States Steel will be better equipped to compete with ArcelorMittal, Tata Steel, and POSCO, among other significant international rivals.Impact on steel prices: A significant portion of the steel market would be controlled by the merger of Nippon Steel and United States Steel, which might have an impact on steel pricing worldwide.Increase investment in green technology: Post-merger companies may need to invest more in clean technologies and lower carbon emissions due to the growing demand on environmental protection worldwide. This could alter the way steel is made and have an impact on the company's long-term strategy.Changing the structure of the steel industry: Since two of the biggest steel producers would unite to form a single organization that controls the global steel market, the merger of these two businesses might drastically alter the composition of the steel sector. The merger of Nippon Steel and United States Steel may alter the structure of the steel industryAll things considered, the combination of Nippon Steel with United States Steel might result in a strong steel corporation, but it would also bring about significant changes to the world economy and the steel sector. Even while it might have a lot of positive economic effects, there will be significant obstacles to upholding fair competition and safeguarding workers' rights.In the article above, MRS has provided you with the most recent information regarding the merger between the United States and Nippon Steel. Stay informed about the most recent advancements in the steel industry by following us. If you have any inquiries, please do not hesitate to contact us