[SMM HRC Daily Transactions] HRC Futures Declined on the First Day After the Holiday, Spot Transactions Performed Poorly

Malaysia's Ministry of Investment, Trade and Industry (MITI) has imposed provisional anti-dumping duties of 4.41% to 35.06% on imports of aluminium-zinc coated flat-rolled products of alloy and non-alloy steel originating in or exported from China, Taiwan and Vietnam. The measures took effect on November 7 and will run for up to 120 days. The investigation was initiated on July 17, 2026 under the Countervailing and Anti-Dumping Duties Act 1993 (Act 504) following a petition filed by NS Bluescope Malaysia on behalf of the domestic industry, which alleged the products were sold in Malaysia below prices in their home markets and caused material injury to local producers. The preliminary determination found sufficient evidence to warrant further investigation, and the provisional duties are secured through guarantees equal to the dumping margins. A final determination is expected no later than March 6, 2027.

US ITA and ITC issued multiple AD/CVD rulings. For cut-to-length carbon-quality steel plate from South Korea, final administrative review results set net subsidy rates at 1.39% and 1.89% for 2024, while amended final results for 2021 set a rate of 0.8%. Preliminary affirmative dumping determinations were issued on oil country tubular goods from Austria, Taiwan and the UAE, with new cash deposit rates of 47.21%, 51.19–54.74% and 61.45–68.88% respectively. Sunset reviews found revoking AD orders on utility-scale wind towers from India, Malaysia and Spain would likely lead to continuation or recurrence of dumping at margins up to 54.03%, 3.2% and 73.0%; revoking the CVD order on Indian towers would likely resume subsidies at 2.25% and 397.7%.

Thyssenkrupp Steel Europe has delayed commissioning of its Duisburg direct-reduction (DRI) plant to 2029 from 2027, a two-year slip for its flagship green-steel project. A spokesperson blamed the engineering phase; the European Commission cited construction hold-ups. Hydrogen is the swing factor: on 30 October the company said it is preparing a new hydrogen tender with the hydrogen share rising in stages. Revised funding terms agreed a week earlier allow a flexible step-by-step rise, attributed to slower hydrogen build-out and higher costs; the Commission confirmed EU state-aid compliance. Ramp-up hinges on availability, economics and orders. IG Metall claims a 5% pay rise over 12 months in German steel. Nucera commissioned a 220,000 t/y caustic-soda plant in India.