Data: SHFE, DCE market movement (Jun 09)

Marking the one-year anniversary of the US imposing a 50% Section 232 tariff on Canadian steel, the Canadian Steel Producers Association (CSPA) is urging the removal of the measure ahead of the US-Mexico-Canada Agreement (USMCA) review period beginning July 1, 2026. Prior to the trade conflict, Canada was the largest supplier of steel to the US, but shipments have plummeted by 60% in 2025 as a result of the tariffs. With Canada having already adopted strict trade policies to block global overcapacity from China, the CSPA argues the tariffs are unjustified and disruptive to the integrated North American supply chain, pushing for a collaborative "Fortress North America" approach instead.

Turkey's billet and bloom imports reached 1.68 million metric tons (mt) in the January-April 2026 period, representing a massive 53.9% year-on-year surge, with total import value up 47.4% to $825.29 million. Russia emerged as the top supplier with 474,046 mt (up 128.7% year-on-year), followed by China with 378,552 mt (up 269.7%), displacing Malaysia which fell 47.7% to 190,615 mt. Despite a 27.3% month-on-month drop in April to 402,539 mt, the robust cumulative volume highlights that elevated domestic scrap prices have driven Turkish buyers to aggressively restock imported semis. The structural pivot towards competitively priced Russian and Chinese billets continues to reshape local cost margins, directly impacting Turkey's rebar export competitiveness.

ROGESA, a subsidiary of Germany's Dillinger Group, will build an innovative scrap processing facility in Dillingen, scheduled to begin operations in the second half of 2028. Supported by €2.8 million in funding from the Federal Ministry for the Environment, the facility will utilize AI and X-ray analysis to reduce copper contamination in shear scrap by about 30%. This project will save an estimated 63,000 metric tons (mt) of direct reduced iron (DRI) and primary raw materials annually, while reducing energy consumption by 16 gigawatt-hours and cutting carbon emissions by up to 76,000 mt per year. The investment demonstrates a strategic push to maximize recycled steel usage in high-grade EAF steelmaking, supporting Europe's broader decarbonization objectives.