Industry News
Prices of most raw materials rose in the market
Last week, prices for most raw materials rose.
Iron ore demand may decline, and ore prices are expected to weaken
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 in September 2025
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.
From January to September, crude steel output was 746.25 million tons, down 2.9% year-on-year.
In September, the sales rate of products of industrial enterprises above designated size was 96.7%.
Weekly Summary of Raw Materials Market
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.
EU raises steel tariffs to 50%
The EU will impose a 50% tariff on all steel imports exceeding the quota, which means the tariff will increase from 25% to 50%.
Global crude steel production in August was 145.3 million tons, up 0.3% year-on-year.
Global crude steel production in August was 145.3 million tons, up 0.3% year-on-year.
China's crude steel output in the first eight months of 2025 is expected to be 671.81 million tons, a year-on-year decrease of 2.8%.
China's crude steel output in the first eight months of 2025 is expected to be 671.81 million tons, a year-on-year decrease of 2.8%.
Global direct reduced iron production exceeds 140 million tons, with India leading a new wave of growth
Global direct reduced iron production exceeds 140 million tons, with India leading a new wave of growth
China's steel industry remained weak in August, with both supply and demand showing signs of weakness.
It is expected that in September, the demand for steel may increase moderately, steel production may pick up slightly, raw material prices may fall from high levels, and steel prices may fluctuate upward.