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 on its No.2 production line with the successful trial production of a 0.7mm ultra-thick tinplate coil. The product achieved full compliance with quality control standards in both surface finish and mechanical performance, marking 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 announced a significant technological advance as 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

With inventory levels rising and downstream demand remaining weak, stainless steel producers in both domestic and overseas markets continue to announce output cuts and temporary shutdowns. In the domestic market, prices in Foshan have remained relatively stable, while Wuxi has experienced price 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, including Benxi Iron & Steel (loss of RMB 2.2 billion), Lingyuan Iron & Steel (RMB 800 million loss), Jiuquan Iron & Steel (RMB 700 million loss), Bayi Iron & Steel (RMB 500 million loss), and Chongqing Iron & Steel (RMB 200 million loss), reported notable losses. In contrast, leading private steelmakers recorded year-on-year profit growth of up to 400%, underscoring the increasing divergence within the industry.

International Market & Policy Updates

Red Sea Shipping Route Recovery Remains Uncertain

According to Braemar, even if shipping companies gradually resume Red Sea routes early next year, full normalization of operations is unlikely before mid-2026. On the freight market, the Baltic Dry Index (BDI) currently stands at 2,583, while 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% as market expectations for interest rate cuts strengthened. Bank of America revised its outlook for the Federal Reserve’s December meeting and now expects a 25-basis-point rate cut, aligning 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 into galvanized steel sheets and zinc-coated corrosion-resistant plates imported from China, in accordance with 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, with a strong focus on grain-oriented electrical steel (CRGO), commonly referred to as transformer steel. Our products are manufactured from high-grade 3% silicon steel, delivering excellent magnetic properties, low core loss, and stable energy efficiency performance.

MOOPEC’s CRGO materials are widely applied in power transformers, distribution transformers, and various energy infrastructure projects, helping end users improve transformer efficiency, reduce power losses, and enhance long-term operational reliability.

In addition to material quality, MOOPEC places strong emphasis on flexible service capability, including:

• 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, ensuring our partners stay informed with timely and practical market information.

For sourcing inquiries, project discussions, or quotation requests, you are welcome to submit your requirements directly through our website.
The MOOPEC team will respond promptly with professional technical support and competitive pricing solutions.