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.

[SMM Steel] Canada Border Services Agency has initiated anti-dumping and subsidy investigations into Chinese steel rack imports following complaints from domestic producers over market losses. The probe, launched on April 20, 2026, targets roll-formed pallet racks and related components. The Canadian International Trade Tribunal will assess industry injury by June 19, while preliminary findings on dumping and subsidies are expected by July 20. The case reflects growing trade protection efforts to counter low-priced imports in the Canadian steel sector.

【SMM Steel】The USITC determined revoking AD duties on Mexican rebar and CVD on Turkish rebar would likely lead to continuation/recurrence of material injury. Existing orders remain. Following a sunset review, an expedited assessment was conducted. Domestic responses were adequate; foreign responses insufficient. The final ruling ensures trade protections stay active to prevent renewed harm to US steelmakers.

【SMM Steel】Thyssenkrupp Steel Europe is pushing the EC for immediate trade protection to defend its grain-oriented electrical steel production. Cheap Asian imports have tripled since 2022 and soared 50% in 2025. Thyssenkrupp extended production cuts at two facilities. GO steel is essential for power grids but avoids existing quota cuts. The steelmaker warns 1,200 jobs and Europe's tech lead are at risk without a level playing field. Quick intervention is needed.

New Delhi quietly renewed BIS certification waivers through September 2026, even as it talks tough on Chinese overcapacity. The contradiction reveals more about India's industrial gaps than its trade policy convictions

India’s steel market in 2026 is expected to remain balanced, with demand slightly outpacing supply. Domestic consumption will absorb most output, while imports decline overall and exports increase modestly as a balancing mechanism. Supported by strong growth and infrastructure investment, India is transitioning toward a demand-led steel market with solid long-term potential.