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Steel Mill Profits "Critical," Impact from Maintenance on Construction Steel May "Expand"
According to the SMM survey, the impact from maintenance on construction steel saw a slight decrease during the current period (11.1-11.7), mainly due to production resumptions at the construction steel rolling lines of multiple steel mills in east China last week. The impact from maintenance on construction steel during this period reached 1.2428 million mt, down 40,500 mt WoW.
In October, the sodium-ion battery industry chain entered a phase of adjustment, presenting a complex picture of "weakening material segment MoM and steady progress in the battery cell segment." Cathode materials faced short-term pressure due to inventory digestion and system compatibility issues, declining significantly MoM. While hard carbon anodes maintained strong YoY growth, they were constrained by three major bottlenecks: cost, performance, and scalability. The electrolyte market remained relatively stable, with minor fluctuations not altering the long-term collaborative trend.
[SMM Molybdenum Daily Review: Ferromolybdenum Price Falls Below 250,000, Mines Hold Back from Selling, Market Sees Fierce Negotiations] SMM News, November 4: Overall, the stabilization of international molybdenum oxide prices has boosted sentiment in the domestic molybdenum raw material market. Additionally, mines are holding back from selling, reducing liquidity in the molybdenum raw material market. The ferromolybdenum sector is experiencing severe losses, leading to decreased operational rates. Meanwhile, downstream steel mills are entering the market at low prices, driving up demand. Fierce back-and-forth negotiations between upstream and downstream players are underway. Supported by cost factors and a temporary improvement in the supply-demand imbalance, the molybdenum market may stabilize and cease its decline.
BYD hits 2025's best-ever monthly sales in Oct.
In October 2025, BYD Company Limited (BYD) sold 441,706 vehicles in total, representing a year-on-year decline of 12.13%, but posting a month-on-month growth of 11.47%, according to the company's pu...
