There are actually only small additional to the previous antidumping duties created by Thailand to Chinese Steel Wire. Now the duty is now covering certain hot-rolled alloy steel wire. The duty rates will affect around 15.04% to 36.79% of the CIF value. However, due to small modifications, actually the duty is not enough to alter essential characteristics, end-uses, or nature of the product.

According to the latest China Customs data, China exported 1.0718 million tonnes of galvanized steel sheet in June 2026, down 11.24% MoM and 5.26% YoY. Cumulative exports for January–June 2026 totaled 6.7066 million tonnes, also 3.13% lower than the same period last year.

Chinese steel investment is gradually shifting from direct exports to localized production in Southeast Asia. New and planned projects in Malaysia, Indonesia, Vietnam, Thailand, and the Philippines are expected to strengthen regional supply, but if capacity growth continues to outpace demand, it could further intensify market competition.

Chinese-backed steel investment is increasingly shifting from direct exports toward local production across Southeast Asia. New and planned projects in Malaysia, Indonesia, Vietnam, Thailand and the Philippines could strengthen regional supply, but may also intensify competition if capacity growth continues to outpace demand.

Japan imposed provisional anti-dumping duties of 3.6%–42.1% on stainless steel from China and Taiwan, effective 9 July through 8 November 2026. The measure covers nickel-based cold-rolled coil, sheet and strip. The provisional duties follow an investigation into alleged dumping injuring Japan's domestic stainless producers. The action adds to a widening set of ex-China trade measures targeting stainless flat products across Asia. Final determination timing will follow the provisional period. The enforcement date (9 July) sits just outside the strict 7-day window but is included as a material recent trade measure.

India's imported met coke market remained largely inactive through mid-July as buyers awaited a government decision on definitive anti-dumping duties. A provisional antidumping duty ranging US$60.87–130.66 per tonne on low-ash metallurgical coke took effect at the start of 2026 and applied until 30 June. India's DGTR had recommended lowering the duties on Indonesian and Japanese coke imports following its investigation. Market participants are awaiting the final DGFT notification on definitive duties and their implementation period. India lifted import restrictions on met coke with ash below 18% via a 3 January DGFT notification alongside the duty. The uncertainty has kept import buying cautious even at lower offer levels.

By 2030, approximately 80,000 kilometers of facility renovations will be carried out, a new round of rural road improvement actions will be launched, and 500,000 kilometers of rural roads will be newly built or upgraded.

The Eurasian Economic Commission has extended anti-dumping duties on seamless corrosion-resistant (stainless) steel pipes from Ukraine until April 29, 2027, following a review initiated on April 30, 2026. The measures were originally set to expire on September 6, 2026. The review was requested by local pipe manufacturers TMK, TMK-Inox LLC, and Kiberstal, backed by Kazan Pipe Rolling Plant LLC. Ongoing duty rates range from 4.32% to 18.96% depending on the manufacturer, covering products under HS codes 7304 41 and 7304 90 series.

Argentina's Ministry of Economy has terminated anti-dumping (AD) duties on aluminium tubes imported from China, following the conclusion of a sunset and changed circumstances review. The decision was formalised through Resolution No. 883, issued on 3 July 2026, bringing to an end the review process that was launched in November 2025. The measure applies to unalloyed aluminium tubes and tubes manufactured from 3xxx and 6xxx series aluminium alloys under IRAM Standard 681, with an external diameter of 130 mm or less, including products supplied in coil form. Precision drawn tubing made from the 3xxx series remains excluded from the scope of the decision.

★ Macro ★ 01 ★★ [Central Bank Net Withdraws 85 Billion Yuan via Open Market Operations] The central bank today conducted a 15 billion yuan 7-day reverse repo operation, with a bid amount of 15 billion yuan and a winning amount of 15 billion yuan, at an operation rate of 1.40%, unchanged from the previous level. As 100 billion yuan of 7-day reverse repos expired today, a net withdrawal of 85 billion yuan was achieved. 02 ★★★ [A Member of Iran's Revolutionary Guard Killed Repelling Drone Attack] According to Iranian local time on the 8th, the Navy of Iran's Islamic Revolutionary Guard Corps stated that earlier that day, a naval member of the Islamic Revolutionary Guard Corps was killed in the process of responding to an incoming drone in the Mahshahr region of southwestern Iran. On the 8th, the Islamic Revolutionary Guard Corps issued a statement saying that the U.S. military launched airstrikes in the early morning on coastal areas of Iran's Hormozgan Province and some coastal bases and non-military facilities in Mahshahr, violating the ceasefire agreement and breaching the Islamabad Memorandum of Understanding. ★ Industry and Downstream ★ 01 ★★ [CPCA: June Retail Sales of China's Passenger Car Market at 1.602 Million Units] CPCA data showed that retail sales of China's passenger car market in June were 1.602 million units, down 23.2% YoY but up 6.1% MoM. Year-to-date retail sales reached 8.701 million units, down 20.2% YoY. In June, retail sales of internal combustion engine vehicles fell 39% YoY, with pure gasoline cars down 42% and conventional hybrids down 7%. Among combustion engine vehicles, domestic brands fell 39%, mainstream joint ventures fell 39%, and luxury brands fell 39%, all indiscriminately hit by the sharp impact of high oil prices. June retail sales of new energy vehicles fell 9% YoY, with domestic brands down 11%, mainstream joint ventures up 45%, and luxury brands down 11%. The retail sales of domestic economy EVs were significantly impacted by the sharp decline in subsidies. 02 ★★ [H1 Excavator Sales Up Over 26% YoY] Data from the China Construction Machinery Industry Association showed that in June, total excavator sales reached 25,400 units, up 35.3% YoY. Of this total, domestic sales came to 10,900 units, up 33.9% YoY, while exports stood at 14,500 units, up 36.4% YoY. Based on H1 data, since March, excavator sales have exceeded 20,000 units for four consecutive months, with March sales reaching 37,400 units, the highest monthly sales since May 2021. Cumulative sales in the first half reached 152,300 units, up 26.4% YoY. China domestic sales reached 79,000 units, up 20.4% YoY, while exports totaled 73,300 units, up 33.5% YoY. The loader market also sustained its high growth trajectory, with the industry recovery gaining broad-based momentum. Data shows that loader sales across all types reached 15,000 units in June this year, up 24.9% YoY. Cumulative sales of all loader types hit 82,100 units in H1 this year, up 26.7% YoY. 03 ★★ [ Yuxi Xianfu Coke Project Expected to Begin Trial Production in November ] Yunnan Yuxi Xianfu Steel (Group) Co., Ltd. (hereinafter "Xianfu Steel") is currently accelerating construction of its supporting 1-million mt/year coking project, targeting trial production this November. Overall project completion now stands at roughly 80%, with cumulative investment reaching 1.5 billion yuan. 04 ★★ [Shandong Province Coal Mine Capacity Status] In accordance with the requirements of the National Energy Administration's Notice on Establishing a Coal Mine Capacity Registration and Public Announcement System (GN Coal [2013] No. 476) and Notice on Improving the Coal Mine Capacity Registration and Public Announcement System to Carry Out Public Announcements for Coal Mines Under Construction (GN Coal [2017] No. 17), the production and construction coal mine capacity status across the province is hereby announced as follows: As of June 30, 2026, Shandong Province has 76 legally operating or under-construction coal mines, with a total annual capacity of 113.57 million mt. Among these, there is 1 coal mine under construction with a construction scale of 450,000 mt/year, and 75 operating coal mines with a registered production capacity of 113.12 million mt/year. 05 ★★ [ CPCA: China Passenger Car Market Retail Sales Down 23.2% YoY, Up 6.1% MoM in June ] Data released by the China Passenger Car Association (CPCA) shows that nationwide passenger car retail sales reached 1.602 million units in June, down 23.2% YoY and up 6.1% MoM. Year-to-date cumulative retail sales hit 8.701 million units, down 20.2% YoY. Passenger NEV retail sales reached 1.007 million units in June, down 9.4% YoY but up 6.0% MoM. For January-June, passenger NEV retail sales totaled 4.704 million units, down 14.0% YoY. Retail sales of conventional internal combustion engine passenger cars reached 600,000 units in June, down 39% YoY but up 6.3% MoM. Notably, sales of standard hybrid models fell only 7% YoY while surging 24% MoM, a standout performance. ★ Other Hot Topics ★ ⭕ [China Energy Group's Coal Port Departures and Arrivals Both Hit Record Highs in H1] As of June 30, the port segment of China Energy Group has completed cumulative coal arrivals of 148.009 million mt and coal port departures of 147.1 million mt. The group's coal port arrivals and departures both reached new all-time highs for the same period in H1, effectively ensuring smooth and efficient operation of the critical energy transportation channel. Since the beginning of this year, the port subsidiary of China Energy Group has optimized production organization, unlocked port capacity, coordinated resource allocation across three ports, innovated operation models and loading/unloading processes, increased the direct loading ratio and circulation efficiency, and simultaneously expanded market coal transshipment business, driving a steady rise in throughput. In the area of equipment support, it has fully implemented a production equipment full life cycle management system, adopted refined maintenance standards and grid-based accountability mechanisms, built a real-time condition monitoring platform for key equipment, and achieved equipment fault prediction and early warning. This has driven a comprehensive transformation and upgrade of the operation and maintenance model from "reactive repair" to "proactive defense," solidifying the hardware foundation for continuous and stable production. [Turkey Initiates Sunset Review of Anti-Dumping Duties on Vietnamese Stainless Steel Pipes] On July 3, 2026, the Turkish Ministry of Trade issued Communiqué No. 2026/27, announcing the initiation of the first sunset review of anti-dumping duties on stainless steel pipes and other hollow structural profiles originating in Viet Nam, following an application by a domestic producer. 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