Industry News

The raw materials market experienced slight fluctuations, resulting in an overall increase in raw material costs for steel companies.

In October 2025, crude steel production in the 70 countries/regions included in the World Steel Association's statistics totaled 143.3 million tons, a year-on-year decrease of 5.9%.

In October 2025, China's crude steel output was 72 million tons, a year-on-year decrease of 12.1%; 

Using sheet piles to reinforce flood control facilities

Last week, prices for most raw materials rose. 

Since mid-October, iron ore futures prices have weakened, with the main contract experiencing a continuous pullback. The author believes that negative factors on the demand side of iron ore are accumulating, while positive factors on the supply side are fading. In the medium term, iron ore futures prices may turn weak.

Global crude steel production for the 70 countries and regions reporting to the worldsteel Association was 141.8 million tonnes in September 2025, down 1.6% year-on-year.

In September, the sales rate of products of industrial enterprises above designated size was 96.7%.

The performance of various varieties in the raw material market was different. Iron ore prices generally rose; coke prices rose, and the coking coal market was generally stable; molybdenum-ferroalloy prices rose.

The EU will impose a 50% tariff on all steel imports exceeding the quota, which means the tariff will increase from 25% to 50%.