Domestic Steel Market Briefing
Shougang Jingtang Completes Trial of 0.7mm Ultra-Thick Tinplate
Shougang Jingtang’s Tinplate Business Unit has reached a new technical milestone. Its No.2 production line has successfully trial-produced a 0.7mm ultra-thick tinplate coil. In fact, the product met quality control standards in full, covering both surface finish and mechanical performance. This marks the company’s first successful industrial trial of this extra-thick tinplate specification.
Jincheng Iron & Steel Achieves New Breakthrough in High-Speed Wire Rod Output
Jincheng Iron & Steel Holding Group has announced a significant technological advance. Its dual high-speed wire rod production line successfully trial-produced HRB500E small-diameter rebar in 8mm and 10mm sizes. This development represents a major upgrade in the company’s high-speed wire rod manufacturing capability.
Global Stainless Steel Producers Accelerate Production Reductions
Inventory levels are rising, and downstream demand remains weak. As a result, stainless steel producers at home and abroad continue to announce output cuts and temporary shutdowns. In the domestic market, prices in Foshan have remained relatively stable. Wuxi, by contrast, has seen declines of approximately 50–100 RMB per ton.
Profit Disparities Widen Across 34 Major Steel Producers
The latest financial data highlights a growing performance gap among leading steel companies. Several producers reported notable losses. Benxi Iron & Steel lost RMB 2.2 billion, while Lingyuan Iron & Steel lost RMB 800 million. Jiuquan Iron & Steel lost RMB 700 million, Bayi Iron & Steel RMB 500 million, and Chongqing Iron & Steel RMB 200 million. In contrast, leading private steelmakers recorded year-on-year profit growth of up to 400%. This underscores the increasing divergence within the industry.
International Market & Policy Updates
Red Sea Shipping Route Recovery Remains Uncertain
According to Braemar, shipping companies may gradually resume Red Sea routes early next year. However, full normalization of operations is unlikely before mid-2026. On the freight market, the Baltic Dry Index (BDI) currently stands at 2,583. Meanwhile, European route indices remain stable in the 1,500–1,600 range.
US Dollar Index Eases on Growing Rate-Cut Expectations
The US Dollar Index slipped slightly by 0.03%. Market expectations for interest rate cuts have strengthened. Bank of America has revised its outlook for the Federal Reserve’s December meeting. It now expects a 25-basis-point rate cut, which aligns with projections from several other major financial institutions.
South Korea Launches Anti-Dumping Investigation on Chinese Galvanized Steel
On November 28, the Korea Trade Commission formally initiated an anti-dumping investigation. The probe covers galvanized steel sheets and zinc-coated corrosion-resistant plates imported from China. It follows Article 60, Paragraph 3 of South Korea’s Customs Tariff Act.
About MOOPEC – Flexible Supply Partner for Electrical Steel
MOOPEC is a professional supplier of cold-rolled electrical steel. We focus strongly on grain-oriented electrical steel (CRGO), commonly known as transformer steel. Moreover, we manufacture our products from high-grade 3% silicon steel. This material delivers excellent magnetic properties, low core loss, and stable energy efficiency performance.
Our CRGO materials serve power transformers, distribution transformers, and various energy infrastructure projects. In doing so, they help end users improve transformer efficiency, reduce power losses, and enhance long-term operational reliability.
Beyond material quality, MOOPEC also places strong emphasis on flexible service capability:
- Small-batch supply for trial and prototype projects
- Customized specifications for different transformer core designs
- Fast turnaround for sampling and early-stage production
These advantages enable customers to shorten development cycles, control inventory risk, and respond quickly to market demand.
We will continue to provide regular updates on global steel industry news, policy developments, market trends, and technical insights. This keeps our partners informed with timely and practical market information.
For sourcing inquiries, project discussions, or quotation requests, submit your requirements directly through our website. The MOOPEC team will respond promptly with professional technical support and competitive pricing solutions.
