Top News on China steel and other commodity markets

China imported around 14,149 tonnes of stainless steel scrap in August, lower by 1,333 tonnes or 8.6% month on month, according to data from China's General Administration of Customs (GACC) published Sunday. On a year-on-year basis, however, imports jumped 4,747 tonnes or 50.5%, keeping volumes well

China's Jan-Aug phosphate rock imports rose 11.41% YoY to 1,131.6 kt, with August at 116 kt and $95/t average, GACC data show. The import price was $72/t below the $167/t export price, signaling buyer power; Egypt supplied 59% of imports. OilChem expects September imports subdued/flat as lower ferti

China's copper market is entering the traditional September-October peak consumption season, though prices have been sharply fluctuating recently. With the macro headwind now easing and feedstock and spot supply tight, copper prices have solid support, and the key question becomes whether peak-seaso

Sinopec Qilu Petrochemical in Zibo City, Shandong Province, officially commenced construction of its 1 million t/y ethylene unit on September 19, the core unit of the company's Lu Oil-Lu Refining transformation and upgrading technical renovation project, news published on Sinopec Qilu Petrochemical'

China's stainless steel exports reached around 445,663 tonnes in August, up 54,269 tonnes or 13.9% month on month, according to new data from the country's General Administration of Customs (GACC). However, the total was still lower by 2,181 tonnes or 0.5% year on year.

A volatile outlook for overseas copper tariff policies in early September 2026 became the core trigger for the collective pullback across the non-ferrous metals sector. With the White House yet to announce a final decision on copper tariffs, persistent policy uncertainty continues to weigh on market

China's imports of nickel pig iron (NPI) reached 961,370 tonnes in August, marking a significant rise of some 320,000 tonnes or 49.9% month on month, and up by 87,000 tonnes or 10% year on year, data from China's General Administration of Customs (GACC) published Sunday shows.

The second 'partial' strike in the company's history by union members at POSCO, South Korea's largest steel company, entered its fourth day on Sunday morning but even before its 7 a.m. Wednesday start, the action was already looking a flop.

Nippon Steel has decided to maintain the prices of its H-beams for domestic retail sales for another month in September, the company announced late last week, despite the fact that H-beam stocks held by its nationwide distributor grouping had fallen for a fifth straight month by end-August.

Mongolian state-owned coal giant Erdenes Tavan Tolgoi JSC (ETT) has lowered the call price for its key auctioned coking coal grade amid mounting market pressure, but the move failed to boost trading.