According to the Anti-Dumping Commission Notice No. 2026/044, Australia confirmed a 3.4% countervailing duty (CVD) on Chinese hot rolled coil steel imports starting May 4, 2026.

Baoshan Iron & Steel, Baosteel Zhanjiang Iron & Steel, Shanghai Meishan Iron & Steel, and Hunan Valin Lianyuan Iron & Steel are exempt from this specific subsidy tax. However, all other suppliers from China must pay the new rate.

The ruling excludes certain specialized materials. Grade Q690MD hot rolled alloy steel under standard GB/T 1591-2008 or later versions are not taxed. Besides, grade BS700MCK2 or BS700MCK4 alloy steel meeting standard Q/BQB 316-2018 or later versions with a minimum yield strength at or above 680 MPа is also duty-free.

The products involved are under HS codes 7208.10.00.31, 7208.25.00.32, 7208.26.00.33, 7208.27.00.34, 7208.36.00.35, 7208.37.00.36, 7208.38.00.37, 7208.39.00.38, 7208.40.00.39, 7208.53.00.42, 7208.54.00.43, 7208.90.00.30, 7211.14.00.40, 7211.19.00.41, 7225.30.00.17, 7225.40.00.22, 7225.40.00.24, and 7226.91.00.67.