According to official information from the Ministry of Industry and Trade (BCT) of Vietnam: The final conclusions of the anti-dumping investigation on hot-rolled coils (HRC) from China and India (case number AD20) have been made as follows:

• India: no anti-dumping duties

• China: anti-dumping duties are imposed at a rate of 23.01% to 27.83%

• Applicable period: 5 years from July 6, 2025

• Scope of application: Hot-rolled coils (HRC) with a thickness of 1.2 to 25.4 mm, a width not exceeding 1,880 mm, and a carbon content (by weight) not exceeding 0.3%.

[Hot-rolled coil] On the 10th, the hot-rolled spot price rose sharply. The average price in major cities across the country was 3253 yuan/ton, up 22 yuan from the 9th, and up 25 yuan from the previous week. Shanghai's 3270-3290 yuan/ton was 50 yuan higher than the 9th and 30 yuan higher than the same period last week. Lecong's 3260-3280 yuan/ton was 50 yuan higher than the 9th and 50 yuan higher than the same period last week. Tianjin's 3160-3180 yuan/ton was 20 yuan higher than the 9th and 20 yuan higher than the same period last week. The bidding price of Yan Steel rose by 30 yuan today compared with the previous working day. Today's billet quotation is 2950-2960 yuan/ton, up 40 yuan from the 9th. Hot-rolled futures opened high and closed at 3262 yuan, up 72 yuan and 2.26% from the previous working day. Today's spot steel transactions are generally preferred, with a sharp rise in the market, a shrinking basis, more positive arbitrage, and some speculative demand, and rigid demand is stable. The supply side's reverse internal circulation pushed up coal prices and drove up coke prices. The demand side was also supported by the favorable policy of achieving the goal of new urban urbanization, which led to a significant increase in hot-rolled futures and spot prices. In the short term, prices may fall slightly, but the overall trend is still bullish.

Announcement No. 33 of the Ministry of Commerce in 2025 Announces the final review ruling on anti-dumping measures applicable to imported stainless steel billets and stainless steel hot-rolled plates/coils originating from the European Union, the United Kingdom, South Korea and Indonesia

Beijing, July 7 (Reporter Wang Yunshan) The reporter learned from the China Iron and Steel Association: From January to May, the national crude steel output was 432 million tons, a year-on-year decrease of 1.7%. In terms of profits, the steel industry has made positive changes. According to data from the National Bureau of Statistics, from January to May, my country's ferrous metal smelting and rolling processing industry has achieved a total profit of 31.69 billion yuan, which is better than the 29.19 billion yuan in the whole year of 2024.

Black Sea billet exports are under pressure to fall, and demand in Turkey and Egypt continues to be sluggish

This week, Russian billet export prices continued to weaken, mainly affected by weak demand in the Turkish and Egyptian markets. The Black Sea export index was reported at $440/ton FOB, down $2/ton from last week. Turkey, as one of the main export markets for Russian semi-finished steel products, has recently shown a lack of buying interest. Market insiders pointed out that the sluggish sales of local rebar and the depreciation of the local currency have made buyers less willing to purchase. The mainstream counter-offer price is concentrated at $440-445/ton CFR, equivalent to $420-425/ton FOB, while the new Russian offer is between $460-470/ton CFR, corresponding to $440-450/ton FOB. There is a big difference in price expectations between supply and demand. Some industry insiders mentioned that Russian billets are currently of limited appeal to Turkish buyers, and the market response is relatively cold. In Egypt, due to the escalation of tensions in the Middle East, especially the confrontation between Iran and Israel, and the expectation that the Strait of Hormuz may face a blockade, the local security premium for imported steel has been driven. The mainstream offer of Russian billets in Egypt is 478-483 US dollars/ton CFR, which is converted to 443-448 US dollars/ton FOB, but the buyer's counter-offers are mostly concentrated in the range of 460-470 US dollars/ton CFR (about 425-435 US dollars/ton FOB), and the transaction resistance is also large. According to market news, a northern Turkish steel mill purchased a batch of resources in the Donbas region at a price of 455-456 US dollars/ton CFR (converted to 425-426 US dollars/ton FOB), but due to compliance issues in its place of origin, it was not included in the Black Sea export price index. This week, against the background of no obvious recovery in downstream demand, the export quotation of steel billets in the Black Sea region is still under pressure in the short term, the game between buyers and sellers continues, and market confidence is weak.

https://www.custeel.com/reform/view.mv?articleID=8012089&group=1001&cat=1001026

https://trb.mofcom.gov.cn/myjjdc/art/2025/art_6b77a160e3524a8ca9c6611f044230a3.html

http://jl.people.com.cn/n2/2025/0708/c349771-41284328.html

https://www.custeel.com/reform/view.mv?articleID=8016574&group=1001&cat=1001026

https://www.custeel.com/reform/view.mv?articleID=8015114&group=1001&cat=1001026