Hot News

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  [SMM Announcement] Announcement on Adjustment of SMM Monthly Supply-Demand Balance for Recycled Copper Raw Materials (Including Future Forecasted Values)

• BYD, Fosun form global alliance to link electric mobility with premium travel

  On December 18, 2025, BYD and Fosun signed a long-term global strategic cooperation memorandum in Taicang, Jiangsu province.

• Baolong, Infineon deepen ties to advance vehicle safety and intelligence

  The duo formalizes a plan to deepen cooperation in automotive electronics.

• The raw material news disturbance has been digested, and ferrous metals may struggle to rise further next week [SMM Steel Industry Chain Weekly Report]

  This week, ferrous metals bottomed out. At the beginning of the week, Hebei initiated a new round of Level II environmental protection response, with some steel mills in Tangshan and Handan adding maintenance plans. Simultaneously, the market digested the news about steel export licenses last Friday, leading to a rebound in futures at the start of the week. In the latter half of the week, the National Development and Reform Commission (NDRC) and five other departments issued the "Benchmark Levels and Baseline Levels for Key Areas of Clean and Efficient Coal Utilization (2025 Edition)". This may accelerate the exit of small and medium-sized coal enterprises from the market in the short term. Additionally, there were market rumors that China Energy plans to suspend purchases of imported coal, fueling expectations of future supply tightening for coking coal and coke, which led the gains. On the spot market side, spot trading volume increased periodically, but remained primarily driven by rigid demand. The spot prices of sheets & plates followed the gains with some weakness, and the spot-futures price spread narrowed somewhat.

• [Domestic Iron Ore Brief Review] Iron ore concentrate prices in East Liaoning may rebound slightly.

  [Domestic Iron Ore Brief: Iron Ore Concentrates Prices in East Liaoning May Rebound Slightly] Today, the domestic ore market in East Liaoning operated steadily, with a strong wait-and-see sentiment prevailing among mines and beneficiation plants. However, traders were cautious about future market trends and relatively prudent in purchasing, leading to overall weak market transactions. In some local areas, the operating rate of mines and beneficiation plants declined due to the impact of a new round of safety inspections.