JISCO has achieved a breakthrough in special steel rolling technology, successfully mass-producing 347H stainless steel plates (8mm × 2600mm) for molten salt storage tanks used in concentrated solar power (CSP) plants. Known as the "energy storage heart" of CSP facilities, high-temperature molten salt tanks demand exceptional heat and corrosion resistance. JISCO's self-developed 347H stainless steel delivers outstanding high-temperature strength, oxidation resistance, and intergranular corrosion resistance, reducing weld seams to enhance structural safety and service life of thermal energy storage equipment, supporting the large-scale growth of China's CSP industry.

[SMM Steel] The US Department of Commerce released preliminary results of its countervailing duty (CVD) review on South Korean cut-to-length (CTL) carbon-quality steel plate for 2024. Preliminary subsidy rates were set at 1.89% for Dongkuk Steel and 1.39% for Hyundai Steel. Reviews for Daeik Eng and MAIKO International were partially rescinded after withdrawal requests.

[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.

Indonesian state-owned steel giant PT Krakatau Steel (Persero) Tbk (IDX: KRAS, hereinafter referred to as "Krakatau") released its 2025 consolidated financial statements on March 31, 2026. On the surface, the company recorded a net profit of 339.6 million USD (approximately 5.68 trillion IDR), its best performance since 2019. However, unpacking the core steel business reveals that the steel segment's operating loss in 2025 actually widened from 40.79 million USD in 2024 to 102.5 million USD.

[SMM News Flash] Iran suspended exports of steel billets and steel plates until May 30.

【SMM Steel】The UK TRA released an SEF for interim findings on an AD investigation into S.Korean hot rolled steel plates. The TRA prefers imposing duties only on plates >600mm but 600mm scope, due to an Economic Interest Test. Full scope duties would hurt downstream UK industries (renewables, shipbuilding) that depend on imports. Narrow plates are produced domestically. Proposed duties: 7.04-22.27% for narrow plates vs 5.98-24.28% for full scope. Public comments due by May 21, 2026. The injury period: Apr 1, 2021 - Mar 31, 2025; investigation period: Apr 1, 2024 - Mar 31, 2025.