Overall, the products in question subject to Malaysia's anti-dumping investigation accounted for 2.87% of China's total exports of tin-plated (coated) iron or non-alloy steel flat-rolled products, representing a relatively small proportion. Export destinations where anti-dumping products accounted for over 5% of total exports include Italy, Mexico, UAE, Belgium, and the US. The current varieties and specific progress of Malaysia's anti-dumping investigations against steel products from China are as follows.

Today, DCE Iron Ore futures continued to open lower and then rebounded slightly, with the most-traded contract I2509 eventually closing at 725, up 0.28% for the day. Traders' enthusiasm for selling was moderate. Steel trading was active today, with steel mills quoting higher prices and procurement volumes also increasing.

[SMM Steel Mill Guidance Price] Guidance Prices for Different Series of Stainless Steel at Large Domestic Steel Mills on May 20

[SMM Stainless Steel Daily Review: Sluggish Market Transactions Persist, Stainless Steel Prices in the Doldrums] SMM reported on May 20 that today, China's LPR saw its first cut of the year, with a reduction of 10 basis points. However, this positive news failed to boost the SS futures market, which instead showed a downward trend. The spot market also came under significant pressure, with the pullback in futures prices triggering heightened caution in the market. Since last Friday, market transaction activity has declined significantly, intensifying sales pressure on traders. According to feedback from some traders, sales performance in May has been poor, with some companies only completing their April cargo pick-up tasks last week. As month-end approaches and the cargo pick-up period for May orders nears, traders are adopting a profit-concession strategy to facilitate cargo pick-up and alleviate sales pressure. In the futures market, the most-traded contract 2507 declined. At 10:30 a.m., SS2507 was quoted at 12,860 yuan/mt, down 115 yuan/mt from the previous trading day. In the Wuxi region, the spot premiums/discounts for 304/2B stainless steel ranged from 360-610 yuan/mt. In the spot market, the cold-rolled 201/2B coils in both Wuxi and Foshan were quoted at 8,100 yuan/mt; the cold-rolled trimmed 304/2B coils had an average price of 13,175 yuan/mt in Wuxi and 13,175 yuan/mt in Foshan; the cold-rolled 316L/2B coils were priced at 23,875 yuan/mt in Wuxi and 23,875 yuan/mt in Foshan; the hot-rolled 316L/NO.1 coils were quoted at 23,100 yuan/mt in both regions; and the cold-rolled 430/2B coils were priced at 7,500 yuan/mt in both Wuxi and Foshan. The macro factors that had frequently disrupted the market earlier...

[Brief Review of Domestic Iron Ore Market: Iron Ore Concentrates Prices in Tangshan Region May Remain in the Doldrums] The prices of iron ore concentrates in Tangshan region are relatively stable, with the delivery-to-factory price (dry basis, tax included) for 66% grade ore at 935-940 yuan/mt. Currently, the overall market transactions are sluggish, and traders are operating cautiously. Coupled with the steel mills driving down prices, their operating space is extremely limited.

[SMM Rebar Daily Review: High Temperatures in the North and Rainy Season in the South Suppress Demand, Construction Steel Prices Continue to Weaken] Today, futures fluctuated downward, closing at 3,058, down 0.59% from the previous trading day. On the spot cargo side, market quotes were largely stable in the morning session. In the afternoon, affected by the weakening futures market, quotes in some regions loosened, with declines of 10-20 yuan/mt. Trading performance throughout the day was average.