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 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] South Korea’s Korea Trade Commission initiated an anti-dumping investigation into specialty steel bar and rod imports from China following complaints from local producers SeAH Besteel and SeAH Changwon Special Steel. The investigation covers imports from Jan. 1 to Dec. 31, 2025, and will assess whether low-priced Chinese imports caused injury to the domestic industry. Authorities may impose provisional AD duties if preliminary findings confirm dumping and material injury.

[SMM Steel] Australia has initiated an anti-dumping investigation into galvanized steel imports from South Korea and Vietnam, following a complaint by BlueScope Steel Limited. Key producers involved include POSCO, Dongkuk Steel, Hoa Sen Group, and Nam Kim Steel. The investigation covers zinc-coated flat steel (0.3–3.5mm thickness), with a SEF due by Aug 18 and a final recommendation by Oct 2, 2026.

[How Should Zinc Consumption Be Viewed Against the Backdrop of Geopolitical Conflicts?] Q1 2026 had passed, and the overall recovery in post-holiday consumption was somewhat delayed. How would consumption perform going forward?