The Board of Directors of VMS TMT Limited has approved a Scheme of Amalgamation to merge Aditya Ultra Steel Limited into the company, subject to necessary statutory and regulatory approvals. Both Gujarat-based manufacturers produce premium-quality thermo-mechanically treated (TMT) steel bars within the Kamdhenu brand ecosystem. This proposed amalgamation will combine their businesses into a single listed entity, forming a larger steel manufacturing enterprise with expanded scale and integrated operations.

【SMM Steel】Vietnam's Trade Remedies Authority has validated a complete application from local manufacturers seeking an anti-dumping investigation on prestressed steel bars imported from China. The petition aims to evaluate whether these imports cause material injury or impede the establishment of a domestic industry. The investigating authority has 45 days to review legal representation and injury evidence before making a final recommendation to the Minister of Industry and Trade on case initiation. Vietnam imposed AD duties of 9.79-28% on prestressed steel strand from Malaysia Thailand and China in January 2025 and initiated a first review on January 21 2026. A new probe on steel bars would expand Vietnam's trade remedy scope against Chinese steel products.

【SMM Steel】On May 26, 2026, Ukraine's Ministry of Economy initiated an anti-dumping investigation on hot-rolled bars in coils from China under Resolution No. AD-602/2026/441-01. Products covered include carbon steel bars 5-14mm and alloy steel bars 5-32mm (excluding high-speed steel and welding wire). The investigation period runs from 2022 to October 2025. Affected Ukrainian customs codes: 7213.91.10.00, 7213.91.41.00, 7213.91.49.00, 7213.91.70.00, 7213.91.90.00, 7227.20.00.00, 7227.90.10.00, 7227.90.50.00, 7227.90.95.00. This is Ukraine's sixth AD probe on Chinese products since April 2024.

According to the latest data from the General Administration of Customs, in April 2026, China exported 5.46 million mt of steel sheets & plates, down 17.5% YoY; cumulative exports from January to April totaled 20.06 million mt, down 16.6% YoY. In April, China exported 1.81 million mt of steel bars, up 14.3% YoY; cumulative exports from January to April totaled 6.05 million mt, up 5.9% YoY. In April, China exported 640,000 mt of angle steel and sections, up 7.1% YoY; cumulative exports from January to April totaled 2.55 million mt, up 14.9% YoY.

The U.S. Department of Commerce (USDOC) announced its preliminary findings for the anti-dumping (AD) administrative review of stainless steel bars from India. The USDOC determined that the collapsed Venus Group (including Atlas Stainless, Venus Wire, and Hindustan Inox) sold products below normal market value, assigning it a preliminary dumping margin of 30.92%. Conversely, Laxcon Steels Private Limited and its affiliates received a 0% margin for complying with fair pricing standards. Five other non-examined Indian firms face a rate of 15.46%, while the review for Ambica Steel Limited was rescinded following a withdrawal request.

[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.