India’s Ministry of Steel has asked the Ministry of Finance to remove anti-dumping duties on imports of low-ash metallurgical coke, citing insufficient domestic supply and elevated prices. The ministry said current domestic availability is not enough to meet steel industry demand, creating clear pressure on raw material sourcing and production costs.

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] 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.

The core logic of the South American steel market is that end-user demand drives everything. Consumption demand is the starting point, filled jointly by local production and imports; imports act as a regulating valve rather than a driving force.