[SMM Steel Shipping] Last Week China's Total Steel Exports Rose 10% WoW

[SMM Steel] Asian hot-rolled coil (HRC) prices continued to rise after Vietnam’s Hoa Phat increased June shipment prices by US$50/t, reinforcing the regional uptrend already seen in Taiwan and South Korea. Market participants viewed Hoa Phat’s move as particularly influential due to Vietnam’s role as a key regional pricing benchmark. Strong slab and HRC exports to Western markets tightened domestic supply in Vietnam, forcing local buyers to increase imports and pushing regional trading activity and prices higher. The supply shortage caused by mills prioritizing export orders continued to support the recovery of Asian steel prices.

[SMM Steel] The US Department of Commerce (USDOC) decided to maintain anti-dumping (AD) duties on prestressed concrete steel wire strand (PC strand) imports from 15 countries, ruling that removing the measures would likely lead to continued or renewed dumping. Saudi Arabia faced the highest dumping margin at 194.40%, followed by the UAE at 170.65% and South Africa at 155.10%. Other countries including Indonesia (72.28%), Turkey (53.65%), Malaysia (26.95%), and Egypt (29.72%) also remain subject to significant duties. The products involved are non-stainless, non-galvanized PC strand classified under HTSUS codes 7312.10.3010 and 7312.10.3012.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 May , 2026