August 5 Henan Anyang Steel Steel Scrap Purchase Price Adjustment

Japan's trade and finance ministries announced provisional anti-dumping duties of 29.2%-55.3% on hot-dipped galvanised steel coil, sheet and strip imports from China and South Korea, following a year-long probe triggered by a petition from Nippon Steel, Kobe Steel, and Yodoko who alleged cheap imports forced price cuts; the corrosion-resistant products are used in construction materials like guardrails, houses, fences, and appliance components, with Hong Kong and Macau imports excluded, the move adds to a string of recent Japanese trade defense actions against Asian steel and materials, including prior anti-dumping duties on nickel-based stainless cold-rolled steel and graphite electrodes from China and Taiwan.

As of August 4, the operating rate of 50 EAF steel mills in China primarily producing construction steel stood at 33.58%, down 1.96% WoW; capacity utilization rate was 33.67%, down 1.64% WoW; and daily average production of construction steel was 75,000 mt, down 3,600 mt WoW.