[SMM Analysis]June 13, 2025: The US Department of Commerce announced amendments to Annex 1 of Notice 10896, adding additional Section 232 steel-derived products, such as refrigerator-freezers, dryers, washing machines, dishwashers, stoves/ranges/ovens, kitchen food waste disposers, and welded wire shelving. These products were not previously subject to Section 232 steel and aluminum tariffs, but starting from June 23, 2025, a 50% tariff will be imposed on them.

Today, Dalian iron ore futures continued to rebound, with the most-traded contract I2509 closing at 716.5 yuan/mt, up 1.99% for the day. Traders were actively shipping goods. As the weekend approached, purchase willingness of steel mills weakened, but better sales of finished steel in the morning drove some demand growth.