Announcing its domestic sales policy for September on Wednesday, Kyoei Steel, Japan's largest rebar producer, declared that it will continue to strictly enforce a minimum price of Yen 115,000/tonne ($723/t) for base-size bars, a level unchanged since May.

Chinese steelmakers' buying interest in imported iron ore has softened recently as mounting operational losses prompted more mills to curtail their purchases of this key steelmaking ingredient, leading to a further decline in their in-plant iron ore stocks, Mysteel's latest survey showed.

On August 26, 2026, in the derivatives market, aluminum futures on the Shanghai Futures Exchange showed slight volatility. The most-traded aluminum contract for October delivery dropped by 0.17% by the end of Wednesday's daytime trading and decreased by 0.17% overnight, closing the nighttime session