RMB Ranks Fifth in Global Payment Currencies in April, According to SWIFT

[SMM Steel] Australia's Anti-Dumping Commission has launched an anti-dumping investigation into imports of zinc-coated (galvanized) steel from South Korea and Vietnam following a complaint filed by domestic producer BlueScope Steel. The investigation covers imports during January-December 2025, with allegations that the products were sold below normal value and caused material injury to Australia's domestic steel industry. The case adds to the growing number of trade remedy measures affecting global steel trade flows.

[SMM Steel] Turkey's scrap imports increased by 0.4% YoY to 6.59 million tonnes in January-April 2026, while import value rose 1.5% YoY to $2.51 billion. The US became Turkey’s largest scrap supplier, with shipments rising 34% YoY to 1.41 million tonnes, overtaking the Netherlands, whose exports fell 26.6% YoY to 861,246 tonnes. Strong growth was also recorded from Romania, while lower imports from Belgium and Germany limited overall import growth.

[SMM Steel] Japan has initiated an anti-dumping investigation into imports of flat steel products, including hot-rolled and cold-rolled coils, strips, and sheets, from China, South Korea, and Taiwan. The probe, requested by major steelmakers such as Nippon Steel and JFE Steel, is expected to last one year. Japanese producers allege that imported products were sold at prices of up to 50% below fair market value, causing injury to the domestic industry. The move reflects growing concerns over global steel overcapacity and increasing trade protection measures across major steel-producing regions.