[SMM Stainless Steel Flash] BIR: CBAM dan Pengamanan Memperkuat Pasar Baja Tahan Karat UE Meskipun Harga Skrap Melemah

Tang Eng Iron Works reported Q2 net profit of NT$77.56 million, securing two consecutive quarters of profitability and contributing to H1 net profit of NT$191.68 million with EPS of NT$0.55. Consolidated Q2 revenue reached NT$2.82 billion, bringing H1 total revenue to NT$5.29 billion. Unaudited July revenue rose 24.8% MoM to NT$880.2 million. The turnaround was driven by improved steel market conditions, rising nickel prices, and consistent price adjustments implemented since December last year. Market participants expect the company to return to full-year profitability, ending four consecutive years of losses.

Yusco renewed an anti-dumping investigation petition in early July targeting Vietnamese 304 cold-rolled stainless steel, driven by surging import volumes. Customs data showed imports reaching approximately 6,200 tonnes in June and 6,000 tonnes in July, a 168% YoY surge, with cumulative imports for the first seven months of the year hitting 23,200 tonnes. Although formal case registration remains pending, Chinese Taiwan's Customs Administration has scheduled a preliminary hearing for September 14 due to heavy administrative workloads. Importers have expressed concern over potential retroactive AD duties affecting existing unfulfilled contracts. Yusco and Tang Eng previously filed a similar petition in October 2025 before temporarily withdrawing it; renewed import pressure and sluggish local demand have prompted the latest regulatory action to safeguard fair competition.

Menurut data SMM, pada 14 Agustus, harga FOB nikel MHP Indonesia turun $93/mt Ni dari hari sebelumnya, dan harga FOB kobalt MHP Indonesia turun $589/mt Co. Harga FOB nikel matte kadar tinggi Indonesia naik $18/mt Ni.