[India's NCLT Approves Piombino Steel Merger with JSW Steel, Simplifying Bhushan Power & Steel Ownership]

[SMM Steel] Market feedback indicates that for Q235B HRC with specifications of 3.5*1250*C, the FOB transaction price was $490/mt, with shipment from Fangchenggang Port.

[Vietnam] Vietnam's imported HRC market remained weak, with the ASEAN HRC assessment declining by USD 1/tonne to USD 534/tonne CFR Vietnam. Offers for Indonesian SAE1006 HRC fell to USD 534–535/tonne CFR, while mainstream indications stood at USD 535–540/tonne. Vietnamese buyers targeted USD 530–532/tonne CFR or lower, showing limited interest in restocking after securing sufficient domestic supplies earlier this month. Meanwhile, planned maintenance at Indonesian mills discouraged sellers from accepting lower bids, leaving negotiations at a standstill.

The European Commission initiated an expiry review of anti-dumping duties on wire rod originating in China on October 12, following a request submitted by the European Steel Association (EUROFER) on June 30, 2026. The investigation covers specified hot-rolled wire rod products made from iron, non-alloy steel and alloy steel other than stainless steel. Existing anti-dumping duties generally stand at 24%, with an individual rate of 7.9% applicable to the Valin Group. Although the measures were previously scheduled to expire on October 14, they will remain in force during the review. The Commission will assess whether removing the duties could lead to renewed dumping and injury to European producers. The decision maintains existing import protection for European wire rod manufacturers, preventing an immediate removal of tariff barriers against the covered Chinese products, but does not introduce additional duties or immediately change import costs.