【SMM Steel】South Korea to launch 4-year periodic anti-dumping audits

On April 12, 2026, the Commission on Dumping, Subsidies and Elimination of Non-Tariff Trade Barriers of Peru's National Institute for the Defense of Competition and the Protection of Intellectual Property (INDECOPI) published Resolution No. 065-2026/CDB-INDECOPI in the official gazette *El Peruano*, making a final affirmative anti-dumping determination on wire rod originating from China and officially imposing anti-dumping duties on the products under investigation for a period of five years. The specific duties are as follows:

In March, China's manganese ore market trended upward MoM, driven by the resonance of multiple cost factors outside China. South African ore led the gains, with South African semi-carbonate at Tianjin port up 10.42% MoM and South African high-iron ore up 8.77% MoM, making them the core varieties leading the gains. Other manganese ore varieties also posted varying degrees of increases. The core drivers of this rally came from geopolitical factors and rising costs outside China, compounded by mild port inventory pressure and marginal improvement in demand. The market overall held up well.

[SMM HRC Daily Trading] On April 13, the combined daily HRC trading volume of SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, Ningbo) totaled 15,280 mt, up 40 mt DoD (+0.3%), up 37.29% YoY (solar calendar), and down 5.50% YoY (lunar calendar).