February 2026 proved to be a pivotal month of challenge and adjustment for the global stainless steel market. Driven by the compounding pressures of the Carbon Border Adjustment Mechanism (CBAM), intensifying geopolitical trade friction, significantly tightened raw material quotas, and sudden supply chain disruptions, the market navigated a complex landscape.

【SMM Steel】On Feb 23, 2026, South Korea ended its AD probe into Chinese hot-rolled steel by accepting a price undertaking, replacing duties with a price commitment. This brings trade stability. The probe began in March 2025 after dumping claims. The deal avoids extra tariffs, protecting both industries. Goods under HS codes 7208.51.1000, 7208.51.9000, 7208.52.1000, 7208.52.9000, 7225.40.9010, 7225.40.9091, 7225.40.9099.