HRC Prices in Domestic Markets Steady, Export Rates Unchanged

【SMM Steel】Since CBAM entered its tax phase on Jan 1, 2026, goods are held at EU ports due to clearance issues. Importers must be registered CBAM declarants. Common problems: missing declarant status, wrong CBAM codes, no emission data. Non-compliant goods are blocked. CBAM is now a trade access condition. Firms must register, use correct codes, track the 50-ton annual exemption, and set up carbon reporting. While importers are legally responsible, exporters face shipment delays and lost trust. CBAM compliance is key for steel, aluminum, and fastener exports to the EU.

【SMM Steel】Switzerland is seeking an exemption from EU's planned steel import protections. Officials held a special meeting with EU reps in Brussels last week. Switzerland says its steel does not cause overcapacity and is key for regional supply chains and Europe's industrial ecosystem. It also wants exemptions for certain manganese/silicon-based ferroalloy imports and raised concerns about potential EU scrap aluminum export restrictions.

【SMM Steel】Saudi Steel Pipe's subsidiary Global Pipe Co. won a major contract with Subsea 7. The $80 million deal is to supply line pipes for an offshore redevelopment project. The contract duration is 11 months. Details of the project were not disclosed, but Subsea 7 previously secured a long-term deal with Saudi Aramco in Sep 2025 for 106 km of pipelines and offshore facility work.