China's steel billet exports performed strongly in Q1 2026, showing a continuous growth trend. According to data from the General Administration of Customs, China's steel billet exports in March 2026 reached 1.53 million mt, up 66.0% MoM and up 47.9% YoY, hitting a record high for a single month in the same period in recent years.

A Chinese energy and chemical firm plans to build a magnesium alloy project in Turkmenistan, leveraging local resources and Chinese technology. Meanwhile, Brazil sharply raised anti-dumping duties on Chinese magnesium ingots to $4.07/kg, effectively closing direct export channels.

[SMM Magnesium Express] Brazil has recently significantly increased the anti-dumping duty on magnesium ingots originating in China from US$1.18/kg to US$4.07/kg. This measure, which dates back to 2004, has undergone multiple sunset reviews. The current adjustment follows a review initiated at the request of Brazilian domestic enterprises and takes effect from the date of publication. Brazil's primary magnesium output is only ~22,000 t/yr, while import demand reaches 300,000–400,000 t/yr. However, China currently exports almost no magnesium ingots to Brazil. The move could divert other regional supplies into Brazil, indirectly impacting global trade flows of Chinese magnesium downstream and finished products.

[SMM Magnesium Survey: Chinese Magnesium Industry Expands into Turkmenistan, Brazil's Tariff Hike Blocks Exports to Brazil] A Chinese energy and chemical enterprise planned to build a magnesium alloy project in Turkmenistan, combining local raw materials with Chinese technology. Brazil significantly raised the anti-dumping duty on magnesium ingots from China to $4.07/kg, effectively closing the direct export channel.

[SMM Steel] Australia launched an anti-dumping probe into Vietnamese galvanized steel imports involving Hoa Sen and Nam Kim, with alleged dumping margins up to 56.21%. In 2025, Vietnam’s galvanized steel exports to Australia rose 24% YoY to US$29.5 million, while hot-rolled section exports surged 105% YoY to US$48.5 million. The US continues imposing AD duties of up to 130% on Vietnamese rebar and nearly 163% on coated steel, while the EU is tightening quotas and implementing CBAM.

[SMM Steel] The US Department of Commerce finalized anti-dumping duty review results on South Korea’s cut-to-length carbon-quality steel plate imports for the period from Feb. 1, 2024 to Jan. 31, 2025. USDOC determined that Dongkuk Steel and Hyundai Steel sold CTL plate below normal market value, assigning final dumping margins of 1.18% and 0.94%, respectively. The final rates were unchanged from preliminary findings due to no objections from interested parties.