Data: SHFE, DCE market movement (Apr 17)

[SMM Steel] POSCO emphasized the need for stronger international cooperation to accelerate steel decarbonization at the World Steel Association meeting. The company highlighted rising energy costs and weak demand as key challenges, while stressing fair market valuation for low-emission steel. POSCO also engaged with global partners on carbon reduction technologies, investment, and supply chain stability, as it continues to push its decarbonization roadmap.

[SMM Steel] United States has finalized sunset reviews on non-oriented electrical steel (NOES), deciding to maintain AD/CVD duties on imports from Sweden, Germany, China, South Korea, Taiwan, and Japan. Dumping margins reach up to 407.52% for China and 204.79% for Japan, while subsidy rates include 158.88% for China. The decision reflects continued risk of dumping and injury to the US industry.

[SMM Steel] UNESID welcomed the new European Union steel trade mechanism set to take effect on July 1, 2026, replacing current safeguards. The system reduces tariff-free quotas by ~47% to 18.3 million mt/year and raises out-of-quota tariffs to 50%, while allowing limited quota carry-over in the first year.