In the past week, China's steel imports and exports in the Southeast Asian market have encountered two key policy changes. Thailand has issued final anti-dumping rulings on two types of Chinese steel products, while China has extended tariff adjustments on US rebar. These developments, one affecting exports and the other imports, highlight the competitive dynamics and adjustment trends in the regional steel market.
On November 10, Thailand's Anti-Dumping and Countervailing Committee issued two concentrated final anti-dumping rulings involving two key Chinese steel products. Firstly, it made an affirmative final ruling in the second anti-dumping sunset review on cold-rolled stainless steel coils, sheets, and strips originating from China, deciding to maintain the current tax rate and impose anti-dumping duties for another five years. Secondly, it issued an affirmative final anti-dumping ruling on H-shaped hot-rolled steel from China, imposing duties based on the CIF price for a five-year period. These two policies will directly impact China's exports of relevant steel products to Thailand, requiring related enterprises to adjust their regional market layouts to cope with tariff pressures.
According to news released on November 7, with the approval of the State Council, China will continue to suspend the 24% additional tariff on US rebar for one year starting from November 10, retaining only a 10% tariff. This adjustment will significantly reduce the import cost of US rebar to China. Estimates show that the import price may decrease by approximately 14%-20%, greatly enhancing the competitiveness of US rebar exports to China. Meanwhile, the increase in imports may exacerbate the risk of oversupply in the domestic rebar market, forcing domestic steel mills to optimize their product structures and enhance core competitiveness.
