【SMM Steel】Taiwan's Yieh Phui announced significant April domestic/May export price hikes. Galvanized steel rose NT$1,700/t, pre-painted NT$2,000/t domestically; exports up $50/t. It's the 4th straight month of hikes. Energy, freight, and raw material costs are soaring amid Middle East tensions. Major global mills also raised prices. Galvanized steel prices in Taiwan have surged nearly 20% since late Feb. Low-cost inventory is depleting. Global economy is expanding.

SMM Flash:On the first day after the holiday, steel export prices fluctuated by $1-5 per ton, with most mainstream orders currently scheduled for late March to April. Based on transaction data, post-holiday restarts show reasonably good market sentiment, with traders reporting a busy inquiry flow during the day. Among flat steel products, galvanized steel is performing slightly stronger.

【SMM Flash News】 On June 10, 2025, the Department of Internal Market Protection of the Eurasian Economic Commission issued Notice No. 2025/440/AD26R1, deciding to extend the validity of the anti-dumping measures established by Resolution No. 209 of December 3, 2019, for another five years in accordance with Resolution No. 50 of the Eurasian Economic Commission. The anti-dumping measures will continue to be imposed on galvanized steel sheets originating from China and Ukraine. The duty rates for the products involved from China range from 12.69% to 17.00%, while the rate for Ukraine is 23.90%. The measures will remain in effect until June 9, 2030.

[SMM News] On June 10, 2025, the Department of Internal Market Protection of the Eurasian Economic Commission issued Notice No. 2025/440/AD26R1, deciding to extend the validity of the anti-dumping measures established by Resolution No. 209 of December 3, 2019, for another five years in accordance with Resolution No. 50 of the Eurasian Economic Commission. The anti-dumping measures on galvanized steel sheets originating from China and Ukraine will continue to be implemented. The duty rates for the products involved from China range from 12.69% to 17.00%, and for Ukraine, it is 23.90%. The measures will remain valid until June 9, 2030.

June 16-17, Hyatt Regency Bangkok Suvarnabhumi Airport, Bangkok, Thailand In recent years, Southeast Asia has gradually emerged as a crucial link in the global automotive industry, leveraging its unique geographical advantages, abundant resources, and vast consumer market, which are rich in supply and demand opportunities. As a regional leader, Thailand has attracted the attention of numerous Chinese NEV manufacturers. Since 2012, SAIC has collaborated with the Charoen Pokphand Group to establish a production site in Thailand, followed by the entry of other Chinese automakers such as Great Wall Motor, BYD, and Neta Auto into the market. Meanwhile, power battery enterprises like Gotion High-tech and SVOLT Energy Technology, as well as parts companies such as Jingcheng Engineering, have also set up factories in Thailand, further promoting the coordinated development of the industry chain. Against this backdrop, the 2025 SMM 2nd Southeast Asia Automotive Supply Chain Conference will be held in Bangkok. We sincerely invite industry elites to jointly explore these challenges and opportunities and work together to drive the prosperity and development of the automotive industry in Southeast Asia and beyond. At this significant juncture, Ko Shun Cheong Holdings Co., Ltd. will attend the conference as an exhibitor. We cordially invite industry peers, both new and old, to participate in the 2025 SMM Southeast Asia (Thailand) Automotive Supply Chain Conference. Click on the registration form to register immediately. We look forward to meeting you at the conference and jointly promoting the healthy and sustainable development of the automotive industry! Booth No.: A11 Pioneering the Future, Riding the Waves, Setting Sail, Expanding Globally Established in Hong Kong in 2000, Ko Shun Cheong Holdings Co., Ltd. (hereinafter referred to as "KSC") is a professional processing and trading manufacturer specializing in metal materials such as special steel, fineblanking steel for automotive applications, aluminum semis, stainless steel, copper semis, galvanized steel, and silicon steel. Driven by continuous innovation, KSC is committed to serving leading enterprises in the precision metal fields of 3C, artificial intelligence, new energy vehicles, automotive fineblanking parts, tools, and more in China and globally, aiming to become a leader in the new materials industry. To better meet and serve regional customers, KSC has invested in and established factories in Dongguan, Kunshan, and Xinyu in mainland China, namely KSC Steel Plate (Shenzhen) Co., Ltd. Dongguan Branch, Suzhou Gaowanchang Steel Plate Co., Ltd., and Xinyu Gaowanchang New Materials Co., Ltd., forming a one-stop processing and distribution center for slitting, shearing, rolling, and delivery. In 2023, KSC purchased land and built its own processing and distribution center in Haiphong, Vietnam, which officially commenced operations in December. In 2024, KSC's Thailand factory completed registration and officially started production in April 2025. Ko Shun Cheong Holdings Co., Ltd. (hereinafter referred to as "KSC") was established in Hong Kong in 2000. KSC is a Processing & Trading manufacturer specializing in Carbon Steel, Fineblanking Steel, Aluminum, Stainless Steel, Copper, Galvanized Steel, and Silicon Steel. Driven by continuous innovation, we are committed to serving worldwide leading companies in the 3C, AI, EV, Automotive Fineblanking, Tools, and other precision metal stamping industries, aiming to become a leader in the new materials industry. To better satisfy and serve regional customers, KSC has invested in three factories in China, located in Dongguan, Guangdong; Kunshan, Jiangsu; and Xinyu, Jiangxi. We are a one-stop processing and distribution center for Slitting, Shearing, Cold-rolling, and Annealing. In 2023, KSC established its first overseas plant in Haiphong, Vietnam. KSC Thailand was registered in 2024 and commenced production in April 2025. ​​​​​​​ Conference Contact Person Tang Wei tangwei@smm.cn

On the morning of the 10th local time, high-level economic and trade talks between China and the US began in Geneva, Switzerland. He Lifeng, a member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, as the Chinese lead negotiator for economic and trade issues with the US, held talks with his US counterpart, US Treasury Secretary Scott Bessent, on the same day.

Jingye Group's High-Grade Steel Technology Successfully Produces DC56D+Z Deep Drawing Steel Recently, the No. 4 galvanizing unit of Jingye Group's High-Grade Steel Technology Company successfully produced DC56D+Z deep drawing steel, which not only expanded the range of orders but also enhanced the market competitiveness of high-grade cold-rolled steel products. DC56D+Z is a hot-dip galvanized steel sheet for stamping, featuring excellent formability and corrosion resistance. It is widely applicable in various industries such as automotive, home appliances, and construction, with significant market demand and broad market prospects. To ensure the smooth production of DC56D+Z deep drawing steel, the Group's Technology Research Center, the High-Grade Steel Technology Research Department, and the production workshop jointly discussed and formulated a production plan. During the production process, parameters such as annealing temperature, finishing rolling force, and elongation were continuously adjusted, ultimately successfully producing a product with a yield strength of 140 MPa, accumulating valuable experience for subsequent normal production.

The Ministry of Commerce held a regular press conference on the afternoon of April 24. Reporter: China and the EU previously agreed to immediately initiate negotiations on EV price commitments and discuss investment cooperation in the automotive industry. Could the Ministry of Commerce provide an update on the current status of these negotiations? He Yadong, spokesperson for the Ministry of Commerce: Following the video meeting between Minister Wang Wentao and EU Commissioner for Trade and Economic Security Šefčovič on April 8, the technical teams from both sides have maintained close communication on issues related to EV price commitments and trade and investment cooperation, and have been accelerating the negotiation process. China is willing to work with the EU to properly handle economic and trade frictions through dialogue and consultation, deepen practical bilateral cooperation, and inject more certainty and positive energy into the economies of China, the EU, and the world.

On April 18, 2025, the Internal Market Protection Department of the Eurasian Economic Commission issued the final disclosure of the first sunset review of the anti-dumping case concerning galvanized steel sheets originating from China and Ukraine (Russian: оцинкованный прокат) (see Announcement No. 2025/436/AD26R1). It was determined that if the current anti-dumping measures were lifted, the dumping of the products involved from China and Ukraine and the resulting damage to the relevant industries of the Eurasian Economic Union would continue or recur. Therefore, it was recommended to extend the validity of the anti-dumping measures determined by Resolution No. 209 on December 3, 2019, for another five years. The Eurasian Economic Union tariff codes for the products involved are 7210490001, 7210490009, 7210610000, 7212300000, 7212506100, and 7225920000. Interested parties should submit case review comments by May 5, 2025 (inclusive). On June 29, 2018, the Eurasian Economic Union Commission initiated an anti-dumping investigation into galvanized steel sheet products originating from China and Ukraine. On December 6, 2019, the Eurasian Economic Commission issued an announcement, based on Resolution No. 209 of December 3, 2019, deciding to impose anti-dumping duties of 12.69% to 17.00% on Chinese galvanized steel sheets and 23.90% on Ukrainian products involved. At the same time, the Eurasian Economic Commission reached price undertakings with five Chinese companies, temporarily exempting them from anti-dumping duties. These five companies are Angang Steel Company Limited, Shandong Esdawn Metal Technology Development Co., Ltd., Xinjiang Bayi Iron & Steel Co., Ltd., DongE Yike Panel Co., Ltd., and Gansu JISCO Group Hongxing Iron And Steel Co., Ltd. The measures took effect on January 5, 2020, and were valid until January 4, 2025. On September 2, 2024, the Eurasian Economic Commission initiated the first sunset review investigation of the case. On November 22, 2024, the Eurasian Economic Commission extended the validity of the anti-dumping duties on the products involved from China and Ukraine until September 1, 2025. (Compiled from the official website of the Eurasian Economic Union) (Translated by Lu Wen) (Proofread by Yong Cui) Original text: https://docs.eaeunion.org/upload/iblock/366/vtspvpnrdt6em6cudp8jh1ndlnffbe8z/AD26R1_notice_publication.pdf

According to CME's "US Fed Watch": The probability of the US Fed maintaining unchanged interest rates in May is 96.3%, and the probability of a 25 basis point interest rate cut is 3.7%. The probability of the US Fed maintaining unchanged interest rates by June is 22.1%, the cumulative probability of a 25 basis point interest rate cut is 75.0%, and the cumulative probability of a 50 basis point interest rate cut is 2.8%.