Top News on China Ferrous markets

The European Union's new "melt-and-pour" origin rule for steel, effective October 1, is set to reshape stainless steel exports from Indonesia and China. The rule tightens traceability requirements from the outset and, from October 2027, links melt-and-pour data to import quota allocation.

The Iowa state government announced on September 28 that Mesabi Metallics plans to build a new integrated steelworks which the government described as being the largest steel manufacturing investment in American history.

Australia's Anti-Dumping Commission (ADC) has imposed final anti-dumping (AD) duties on certain flat-rolled steel products from China and South Korea, along with countervailing (CV) duties on the same products from China.

China's manufacturing Purchasing Managers' Index (PMI) returned to expansion territory in September, rising to 50.1 from 49.8 in August, according to latest data released by the National Bureau of Statistics (NBS) on September 30.

A coalition of eight U.S. steel industry groups is calling on the Trump administration to impose a country-specific tariff-rate quota (TRQ) on South Korean steel, warning that imports have surged past the strengthened Section 232 tariffs that anchor $47 billion in domestic investment.

China's export prices for carbon steel hot-rolled coil (HRC) were stable overall during the week of September 20-24, with Mysteel assessing the export price of SS400 3mm commercial-grade HRC at North China's Tianjin port on September 24 lower by a tiny $1/tonne on week at $498/t FOB.

"A Glance of the China Steel Market" provides you with charts of key indicators such as prices, inventories and capacity utilization, along with expert commentary from Mysteel analysts to enhance your understanding of the latest trends in China's steel industry.

After rising for two consecutive weeks, total iron ore shipments to global destinations from 20 ports and 17 mining companies in Australia and Brazil declined during September 21-27 to 26.7 million tonnes, down 1.2 million tonnes or 4.3% on week, Mysteel's tracking showed.

Mysteel Global provides you with a quick look back at the key developments in the market last week. We have selected several story covering major price movements, supply and demand dynamics, and market sentiment to help you stay up to date with the latest trends and developments.

Crude steel production among the 70 countries and regions surveyed by the World Steel Association (WSA) totaled 1.23 billion tonnes during January-August this year, edging down by 0.7% from the same period last year, according to the association's latest release.