[SMM Steel] India’s Alang Ship-Breaking Scrap Prices Rise on Firmer Steel Market and Tight Supply

This week, Zhangjiagang HRC inventory stood at 277,000 mt, down 1,000 mt WoW, a decline of 0.36%; and up 13.06% YoY.

Vietnam's Ministry of Industry and Trade has initiated an anti-dumping investigation into certain prestressed steel bar products imported from China under case code AD24. The investigation covers products classified under HS codes 7227.20.00, 7228.20.11, 7228.20.19, and 7229.20.00, with the dumping investigation period set from July 1, 2025, to June 30, 2026, and the injury assessment period from July 1, 2022, to June 30, 2026. The investigation was launched following a petition submitted by Hoa Phat Prestressed Steel Company Limited and Viet Nhat Prestressed Steel Joint Stock Company, which estimated a preliminary dumping margin of 23.06%. Following the initiation, the Ministry will issue questionnaires to relevant foreign manufacturers, exporters, and Chinese representative missions in Vietnam to collect information for the investigation.

Following the U.S. Supreme Court's ruling that the Trump administration could not use the International Emergency Economic Powers Act (IEEPA) to impose broad tariffs, the administration introduced new tariffs of 10–12.5% on 60 trading partners using Section 301 of the Trade Act of 1974, citing concerns over forced labor regulations. It also used Section 301 to impose a 25% tariff on certain Brazilian imports and invoked Section 338 of the Tariff Act of 1930 to threaten 50% tariffs on many Canadian goods. Additional tariffs on 16 major trading partners may follow pending Section 301 investigations into structural overcapacity. While WTO challenges remain limited due to the organization's inactive dispute settlement system, U.S. courts are expected to review whether the administration followed the required legal procedures. The tariffs continue to create uncertainty for businesses, and a study found that tariffs imposed last year increased the U.S. Consumer Price Index (CPI) by about 0.7 percentage points by September 2025.