On March 14, 2026, the Interdepartmental Commission on International Trade of Ukraine issued a notice stating that, pursuant to Resolution No. AD-598/2026/441-01 of the Commission dated March 10, 2026, it had made an affirmative final ruling in the third sunset review of the antidumping measures on steel wire ropes and cables originating in China, and decided to continue imposing antidumping duties on the products concerned for another five years at an unchanged rate of 123. The period of investigation in this case was from January 1, 2022 to March 31, 2025. The Ukrainian tariff codes of the products concerned were 7312 10 49 00, 7312 10 81 00, 7312 10 83 00, 7312 10 98 00, and 7312 10 65 00. The measures took effect from the date of publication of the notice. On August 17, 2007, Ukraine initiated an antidumping investigation into steel wire ropes and cables originating in China. On July 23, 2008, pursuant to Resolution No. AD-183/2008/143-48 of the Ukrainian Commission, Ukraine began imposing antidumping duties on the Chinese products concerned. Thereafter, Ukraine conducted two sunset reviews, and made affirmative rulings and extended the duty period on September 19, 2014 and May 28, 2020, respectively. On August 24, 2022, the Interdepartmental Commission on International Trade of Ukraine issued a notice amending the product description of Chinese steel wire ropes and cables as determined in Resolution No. AD-183/2008/143-48 dated July 23, 2008. Upon application by a Ukrainian producer, and pursuant to Resolution No. AD-582/2025/441-01 of the Commission dated May 21, 2025, Ukraine initiated the third sunset review investigation of the antidumping measures on the Chinese products concerned. (Compiled from: Ukrainian Government Website) Source: https://ukurier.gov.ua/uk/news/povidomlennya-201/

SMM Nickel News, March 18: Macro and Market News: (1) "Fed Chairman whisperer" Nick Timiraos said the US Fed may be more inclined to remain silent this week. But forecasts force them to sketch out a path. Two former Fed Chairmen told me they hoped to avoid forecasting interest rate cuts in the near term. Whether current officials will adopt the same stance has become the core focus of this meeting, with both hawks and doves potentially sticking to their positions by pointing to the same shock. (2) US President Trump again expressed his personal dissatisfaction with NATO at the White House on March 17 local time. Trump said whether the US should withdraw from NATO "is indeed something we should consider." Spot Market: On March 18, the SMM price of #1 refined nickel fell by 1,950 yuan/mt from the previous trading day. In terms of spot premiums, the average price of Jinchuan #1 refined nickel was 6,550 yuan/mt, unchanged from the previous trading day; the range for mainstream electrodeposited nickel brands in China was -300-400 yuan/mt. Futures Market: The most-traded SHFE nickel 2605 contract continued to fluctuate downward during the session and closed the morning session at 135,110 yuan/mt, down 1.49. Heightened geopolitical tensions in the Middle East pushed up oil prices and intensified inflation concerns. The market expects the US Fed may slow down the pace of interest rate cuts, while the US dollar continued to strengthen, creating clear pressure on nickel prices. Although macro pressure remained significant, the industrial support logic has not changed. The market is still concerned that supply of nickel intermediate products tightens. Short term, the most-traded SHFE nickel contract is expected to move sideways in the 135,000-145,000 yuan/mt range.

[SMM Daily Brief Review of Coking Coal and Coke] In terms of supply, coking costs at coke producers increased, profit per mt of coke narrowed somewhat, and coke producer inventories still needed to be drawn down, weighing on their production enthusiasm. However, downstream demand improved somewhat, and coke producers were actively making shipments. Demand side, the country's important meetings have concluded, and blast furnaces previously subject to production restrictions resumed production one after another, increasing rigid demand for coke. However, uncertainty still remained in finished steel consumption, and most steel mills remained cautious in their coke procurement. In summary, the supply-demand imbalance in the coke market eased somewhat, and cost support strengthened. In the short term, the coke market may temporarily remain stable.

[SMM Tungsten Daily Review: Strong Wait-and-See Sentiment as the Tungsten Market Awaited Stabilization in Transactions] SMM News, March 18 Tungsten market prices were largely stable today, with only minor fluctuations, and the market showed strong wait-and-see sentiment. Trading volume in segments such as tungsten ore and APT was sparse, with transaction prices mostly hovering around the quoted price range. Transactions for downstream products such as powder were also limited, and transaction prices showed a slight downward trend.

Platinum prices remained in the doldrums today. In early trading, the most-traded PT2606 platinum contract on GFEX closed at 546 yuan/g, down 1.54. In the spot market, spot platinum was quoted at discounts of 9-11 yuan/g against PT2606, or at premiums of 1-3 yuan/g against SGE sell 1, with spot discounts narrowing slightly from the previous trading day. As for spot transactions, SMM learned that some cargo-holding traders actively offered quotes and reported poor trading in early morning trade, with quotes at a 10 yuan/g discount against GFEX proving difficult to conclude. Later, as futures moved lower, transactions recovered, downstream enterprises purchased as needed, and overall trading in the spot market was normal.

Spot #1 copper cathode prices in North China were quoted at an average discount of 60 yuan/mt against the front-month contract today, unchanged from the previous trading day. The average transaction price was 99,020 yuan/mt, down 1,240 yuan/mt from the previous trading day.