[SMM Steel] EU sets new steel import quotas at 18.35 mln mt with higher safeguard tariff

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 28 Apr , 2026

[SMM Steel] Iran has halted exports of flat steel products, including plates and HRC, until May 30, following severe damage to its steel industry from ongoing conflict. Around 10 mln mt of annual capacity (25–30%) has been disrupted, impacting major producers such as Mobarakeh Steel Company and Khuzestan Steel Company. The supply shock is expected to tighten global availability, particularly for semis and flat products, while domestic industries face rising input costs. Although imports may partially stabilize Iran’s market in the short term, full production recovery could take 6–12 months or longer, with broader economic and trade impacts anticipated.

[SMM Steel] Canada Border Services Agency has initiated anti-dumping and subsidy investigations into Chinese steel rack imports following complaints from domestic producers over market losses. The probe, launched on April 20, 2026, targets roll-formed pallet racks and related components. The Canadian International Trade Tribunal will assess industry injury by June 19, while preliminary findings on dumping and subsidies are expected by July 20. The case reflects growing trade protection efforts to counter low-priced imports in the Canadian steel sector.