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 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] Australia launched an anti-dumping probe into Vietnamese galvanized steel imports involving Hoa Sen and Nam Kim, with alleged dumping margins up to 56.21%. In 2025, Vietnam’s galvanized steel exports to Australia rose 24% YoY to US$29.5 million, while hot-rolled section exports surged 105% YoY to US$48.5 million. The US continues imposing AD duties of up to 130% on Vietnamese rebar and nearly 163% on coated steel, while the EU is tightening quotas and implementing CBAM.

[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.

[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.

The Eurasian Economic Commission (EEC) has launched an anti-dumping (AD) review investigation into seamless stainless steel pipes from Ukraine, following applications from major regional producers. Current AD duties, ranging from 4.32% to 18.96%, are scheduled to expire on September 6, 2026. However, internal data reveals a 11% decline in EAEU stainless pipe production and a 44% drop in margins between 2023 and 2025. Given these deteriorating economic indicators, the commission will determine whether to maintain the protective measures. The investigation covers seamless pipes with a diameter up to 426 mm, classified under various HS codes within the 7304 heading.

The U.S. Department of Commerce (USDOC) has announced its preliminary findings in the administrative review of anti-dumping orders on welded stainless pressure pipe from India. Covering the period from November 2023 to October 2024, the authority determined that a specific Indian producer sold products below normal value, assigning a preliminary weighted-average dumping margin of 0.96%. Simultaneously, the USDOC rescinded reviews for four other Indian companies following the withdrawal of their initial requests for the proceeding.

The Eurasian Economic Commission (EEC) has initiated an expiry review of the anti-dumping (AD) duties currently applied to stainless steel seamless pipes originating from Ukraine. The existing duty rate of 18.96% will remain in effect throughout the investigation period, which covers data from 2022 to 2025, with the specific dumping analysis period set as January 1 to December 31, 2025. This move aims to determine whether the removal of duties would lead to a recurrence of dumping and injury to the domestic industry within the Eurasian Economic Union. The extension of these measures limits the price competitiveness of Ukrainian stainless pipes in the EAEU market, maintaining a protective environment for regional producers.