July 9 Henan Anyang Steel's Steel Scrap Procurement Price Adjustment

Taiwan's cold-rolled steel imports reached 102,000 tonnes in June, with Chinese products accounting for 98,000 tonnes. Market participants estimate that 1B grade steel made up at least 80% of these shipments. Although anti-dumping concerns deter buyers from standard CQ1 materials, transactions concentrate heavily on 1B grade instead. Domestic consumption in China is weak because of sluggish home appliance and automotive manufacturing. Although China's new energy vehicle exports rose by 65% to 5.1 million units in the first half of 2026, steel mills reported lower-than-expected cold-rolled order volumes. Exporters report stagnant international activity, noting a prolonged absence of cold-rolled export deals amid frozen global inquiries.

The USDOC determined that South Korean exporters did not sell cold-rolled steel flat products below normal value during the September 1, 2023 to August 31, 2024 review period. Hyundai Steel, POSCO, and POSCO International received a 0.00% margin. Ameri-Source Korea, Hanawell, and KG Dongbu Steel received a 2.28% margin. The cash deposit rate for all other producers remains 20.33%. The final findings took effect on July 13, 2026.

The European Commission plans to overhaul its Emissions Trading System on July 17 to balance climate targets with economic interests. The draft proposal extends carbon allowances into the 2040s and grants an extra €6 billion in free permits to heat producers, fuel users, and CBAM-covered businesses beyond 2034. It also recommends slowing the mandatory annual 4.3% emissions cut by lowering the linear reduction factor. In return, member states must use carbon revenues to fund local green technologies, international offset projects, and cleaner energy transitions.