Steel Mill Tenders High-Grade NPI at 1,040 Yuan/Nickel Unit, 30,000 mt for End-October Delivery

The European Commission launched its second anti-dumping sunset review on cold-rolled stainless steel sheets and coils originating in China Mainland and Taiwan (PoC) on September 15, following an application submitted by EUROFER on June 15. The dumping review period covers July 1, 2025 to June 30, 2026, with injury assessments spanning January 1, 2023 to the close of the investigation period. Products under review are flat-rolled stainless steel products, not further worked than cold-rolled, under CN codes 7219 31–7219 35, 7219 90, 7220 20, and 7220 90 series.

New Zealand steel products distributor Steel & Tube will raise prices effective October 1, 2026, citing persistent global cost pressures. Stainless steel products will increase by 3–9% and aluminum ranges by 5–12%, driven by elevated freight costs, constrained production, and rising raw material prices, specifically nickel, chromium, and aluminum. Orders confirmed and scheduled for delivery before October 1 will retain current pricing.

The Bank of England kept its policy rate unchanged at 3.75% for the sixth consecutive meeting, in line with market expectations; the central bank announced the cancellation of its long-term government bond sale plan, further slowing down the pace of quantitative tightening