Data: SHFE, DCE market movement (Jun 03)

【SMM Steel】On June 2, 2026, the International Steel Management Society of Kaohsiung formally opposed proposed AD duties on cold-rolled steel from South Korea and China. The association argued that additional tariffs would devastate downstream competitiveness already pressured by high electricity rates and carbon fees, and would encourage domestic monopoly, threatening profit margins and driving processing factories overseas. Imports complement specific domestic supply shortages where CSC lacks capacity. CSC's profit declines are due to global demand contraction and rising energy costs, not foreign dumping.

【SMM Steel】Taiwan's steel cutting and pipe manufacturing groups have requested CSC to slow down price increases for Q3, citing end-user resistance, reduced purchase volumes, and falling export orders after months of rising costs. Low-priced imports and semi-finished products are also disrupting the domestic market. CSC Sales Director Po-Han Chen promised careful price evaluations during the inventory digestion period and warned against speculative bottom-fishing of imports. CSC also announced that starting Q4, monthly price releases will be fixed on the 5th, with early announcements if that date falls on a holiday.

【SMM Steel】Colombia's Ministry of Commerce issued a preliminary AD determination on annealed and galvanized low-carbon steel wire imports from China, imposing temporary ad valorem duties for four months, effective immediately upon publication. Duties: 29.02% on low-carbon, alloy & non-alloy annealed wire (HS 7217.10.00.00, 7229.90.00.00); 98.04% on low-carbon, alloy & non-alloy galvanized wire (HS 7217.20.00.00, 7229.90.00.00). Colombia initiated the investigation on February 11, 2026.