【SMM Steel】US confirms POSCO receives countervailable subsidies for CTL plate sales

【SMM Steel】Morocco's Ministry of Industry and Trade has extended its safeguard measure on HRC imports for three additional years from June 19, 2026, following a sunset review. The additional duty will start at 19% and decrease by one percentage point annually until the measure expires on June 19, 2029. Turkey was not included on the exemption list for developing countries, while South Africa, Argentina, Indonesia, Malaysia, Pakistan, Tunisia, Uruguay, and Venezuela are exempt. Product codes covered include 72.08, 72.11.13, 72.11.14, 72.11.19, 72.25.30, 72.25.40, 72.26.20 series, 72.26.91, and 72.26.99.80.00.

【SMM Steel】The Australian Steel Institute has petitioned the Productivity Commission to implement emergency trade protections for the domestic fabricated structural steel sector. During a May 13 hearing, the ASI requested a 50% tariff rate quota to counter a surge in low-cost imports recorded between 2022 and 2024. ASI chief executive Mark Cain said these imports cause serious injury to local businesses through price undercutting. The industry employs over 20,000 people and would be difficult to rebuild if lost, the ASI argued, insisting that immediate provisional tariff and quota measures are necessary to prevent irreparable harm before the PC's final ruling later this year. The US, EU, and Canada have already implemented similar trade protections.