SMM Battery-Grade Nickel Sulphate Price Drops by 100 Yuan/mt on July 8

Turkey's Ministry of Commerce has initiated a sunset review of anti-dumping measures on stainless steel pipes and hollow sections imported from Vietnam, following an application by domestic producers, according to the country's Official Gazette. The review will determine whether revoking existing duties would likely lead to the continuation or recurrence of dumping. Current AD duty rates range from 19.64% to 25% of CIF value depending on the exporting company. Products under review are classified under tariff codes 7306.40.20.90.00, 7306.40.80.90.00, and 7306.61.10.00.00.

According to Assofermet's monthly report, Italy's scrap market reversed course sharply in the second half of June, with new contract prices falling €20–30/mt below previous highs — a steeper decline than markets had anticipated — as weakening downstream steel demand prompted mills to sharply cut scrap purchases. Internationally, Turkey's scrap market fell US$25–30/mt in June, while Spain declined around €20/mt. In stainless scrap, LME nickel's decline and expectations of July mill production cuts triggered a downward price correction, though tight availability of rarer grades limited the drop; India absorbed significant European volumes in the second half of the month. July opens under pressure, with mills facing weak demand, high inventories, and planned shutdowns bringing purchasing activity near a standstill. In ferroalloys, manganese was the most active segment on pre-safeguard stockpiling, ferrochrome held broadly stable, and ferrosilicon eased slightly at month-end.

India's government has extended the certification exemption for finished stainless steel flat products until March 31, 2027. However, small and medium-sized stainless steel producers are urging authorities to reinstate mandatory quality control orders on imported stainless steel to curb the surge in low-priced Chinese imports. The policy was eased in late 2025 to address domestic shortages of certain grades, but imports rose sharply within two months of the change. In April, India's stainless steel imports reached 101,252 tons, surging 65% YoY, while China's finished steel exports to India doubled from a year earlier to a two-year high.