Tangshan Qian'an Raises Steel Billet Prices by 20 Yuan to 3,120 Yuan/mt on May 11 [SMM Steel]

[Molybdenum Flash] SMM, May 12: A molybdenum enterprise in Luoyang auctioned molybdenum concentrates in Round A, with a grade above 45%. The transaction price was 5,250 yuan/mtu, with a base price of 4,850 yuan/mtu (cash), 60 mt, at Baohuashan warehouse. The auction price in this round increased by 535 yuan/mtu compared to the auction transaction price on April 23.

[SMM Steel] Vietnam’s Vnsteel has inaugurated a new warehouse in Khanh Hoa province as part of its strategy to strengthen nationwide logistics and distribution capabilities. The facility marks the company’s return to the South-Central Vietnam market and is expected to improve supply services for local distributors and construction projects. Vnsteel said the warehouse will also function as a regional logistics hub to enhance customer support, shorten delivery times, and strengthen its competitiveness in Vietnam’s steel market.

[SMM Steel] Vietnam’s Hoa Sen Group stated that the alleged 56.21% dumping margin in Australia’s galvanized steel investigation is only an initial claim submitted by petitioner BlueScope Steel and not an official finding by Australian authorities. The AD probe was officially launched on April 30, with Hoa Sen and Nam Kim named in the case. Australia is expected to release its statement of essential facts by August 18 and final findings by October 2, 2026. Hoa Sen noted that in a previous Australian AD case in 2015, the company ultimately received a 0% duty rate despite an initial dumping allegation of 16.26%.