Hastelloy South Africa, the world's leading manufacturer of high-temperature alloys, has announced the expansion of its Inconel® range of high-performance alloys in the South African market to meet the urgent demand for materials for extreme environments in the local energy, chemical and mining sectors.

In recent years, with the expansion of global stainless steel production capacity and intensified market competition, a number of countries and regions launched anti-dumping investigations and imposed tariffs on imported stainless steel products to protect the local industry. The following are the latest developments in the current implementation of anti-dumping measures on stainless steel in major countries:

Recently, affected by multiple factors such as fluctuations in raw material prices, weak downstream demand and export policy adjustments, China's stainless steel market has shown a pattern of “weak domestic demand and strong exports”. Although the industry is facing cost pressure, but the head enterprises through technological upgrading and overseas layout, still maintain strong competitiveness.

In recent years, the global stainless steel market competition has intensified, China as the world's largest stainless steel producer and exporter (accounting for more than 50% of global production), its export products due to price advantage frequently become the target of anti-dumping investigations.

Recently, the Minister of Foreign Affairs of Kazakhstan met with the General Manager of Tubacex IBF Kazakhstan, a subsidiary of Spanish seamless stainless steel tube producer Tubacex, and discussed matters related to the establishment of the first seamless stainless steel and nickel alloy tube production plant in Central Asia.

The European Union's Carbon Border Adjustment Mechanism (CBAM) enters into full implementation today, marking the world's first “carbon tariff”-focused climate trade policy.