[First Steel Column of 2 Million mt Hot-Rolled Coil Plant Hoisted in Egypt, Marking Shougang's North African Milestone]

【SMM Steel】Ukraine's ICIT has launched an AD investigation into coated carbon steel flat products from Turkey, Vietnam, South Korea, and India. Total imports from the four countries increased 4.5 times between 2022 and 2024, 2 times relative to domestic production, and 2.5 times relative to domestic consumption. Weighted average import prices have declined continuously since 2023, falling significantly below average domestic prices. Products covered under customs codes 7210.70, 7210.90, and 7212.40, excluding tinplate under 7210.70.10.00.

【SMM Steel】Australian steelmaker BlueScope has announced that its new Metal Coating Line 7 at Erskine Park, NSW, has entered the commissioning phase. The 415 million AUD project will add 240,000 tonnes of annual ZINCALUME® steel capacity. The new line will significantly enhance coating capabilities and support premium brands including TRUECORE® and COLORBOND®. Production is expected to ramp up progressively through 2026. The investment forms part of BlueScope's broader strategy to strengthen Australia's domestic steel supply chain and improve long-term supply reliability for high-value steel products.

【SMM Steel】Combined shipments from CSC and Dragon Steel fell to 956,000 tonnes in May due to scheduled production line maintenance, ending two months of growth after hitting a 27-month high in April, but remained above 900,000 tonnes for the third consecutive month. Domestic demand rose 11,000 tonnes to 554,000 tonnes driven by peak construction season for AI factories and public projects, while exports dropped 30,000 tonnes to 402,000 tonnes. CSC delivered 673,000 tonnes, while Dragon Steel increased to 283,000 tonnes. CSC Vice President of Sales expects a June rebound, citing rising raw material costs driving restocking, reduced low-priced Chinese competition, and strong infrastructure demand in India and SE Asia.