【SMM Steel】Canada Initiates AD Probe on Austria's Oil and Gas Well Casing

[SMM Coking Coal and Coke Daily Brief] News: Market rumors suggested that some steel mills raised wet-quenched coke prices by 50 yuan/mt and coke dry quenching prices by 55 yuan/mt, effective from 00:00 on June 3, 2026. In terms of supply, affected by rising production costs and tightening safety supervision, coke producers' production enthusiasm was constrained, with some experiencing passive production restrictions. Additionally, with smooth shipments, coke producers' coke inventory generally remained at low levels. Demand side, steel mills maintained moderate profitability, and overall hot metal production continued to fluctuate at highs, supporting strong rigid demand for coke. Some steel mills with low inventory were still actively restocking. Overall, the coke supply-demand pattern remained tight. In the short term, the coke market is expected to hold up well, with strong expectations for the fifth round of coke price increases to be implemented.

【SMM Steel】Ukraine's ICIT has launched an AD investigation into coated carbon steel flat products from Turkey, Vietnam, South Korea, and India. Total imports from the four countries increased 4.5 times between 2022 and 2024, 2 times relative to domestic production, and 2.5 times relative to domestic consumption. Weighted average import prices have declined continuously since 2023, falling significantly below average domestic prices. Products covered under customs codes 7210.70, 7210.90, and 7212.40, excluding tinplate under 7210.70.10.00.

【SMM Steel】Australian steelmaker BlueScope has announced that its new Metal Coating Line 7 at Erskine Park, NSW, has entered the commissioning phase. The 415 million AUD project will add 240,000 tonnes of annual ZINCALUME® steel capacity. The new line will significantly enhance coating capabilities and support premium brands including TRUECORE® and COLORBOND®. Production is expected to ramp up progressively through 2026. The investment forms part of BlueScope's broader strategy to strengthen Australia's domestic steel supply chain and improve long-term supply reliability for high-value steel products.