Hot News

• 

  Data: SHFE, DCE market movement (Mar 31)

  The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 31 Mar, 2025

• Huayang Group: Automotive Electronics, Precision Die Casting, and Other Core Businesses Accelerate, Achieving Record High Net Profit in 2024

  Huayang Group: Automotive Electronics, Precision Die Casting, and Other Core Businesses Accelerate, Achieving Record High Net Profit in 2024. According to the 2024 annual report disclosed by Huayang Group on the evening of March 28, in the face of intense competition and rapidly changing industry trends, the company focused on the central tasks of "orders and delivery" in 2024, driven primarily by R&D innovation and cost competitiveness. This resulted in dual high growth in both operating revenue and net profit, with operating revenue exceeding 10 billion yuan and net profit reaching a record high.

• 【March SMM Operating Rate of Steel Mills Using Externally Purchased Billets】Steel mills using externally purchased billets resumed production, and the operating rate increased by 5.93% MoM in March.

  【SMM Operating Rate of Steel Mills Using Externally Purchased Billets】According to the SMM survey, as of March 31, the operating rate of steel mills using externally purchased billets, primarily producing construction steel, was 22.14%, up 5.93 percentage points MoM from February and up 1.93 percentage points YoY.

• SHFE Metal Most-Traded Contract Market Conditions on March 31, 2025

• SiMn alloy production increased MoM in March, and a slight decrease is expected in April [SMM Analysis]

  【SMM Analysis: SiMn Alloy Production Increased MoM in March, Expected to Decrease Slightly in April】SMM data shows that China's total SiMn alloy production in March 2025 increased by over 4% MoM, but decreased by over 7% YoY. The main reasons for the increase in SiMn alloy production in March were the maintained high operating rates in regions with relatively cost advantages, such as Inner Mongolia and Ningxia, while SiMn alloy plants in other parts of north China basically maintained normal production, with relatively small daily production fluctuations. In addition, affected by the continuous rise in manganese ore prices in south China, raw material costs increased, and SiMn alloy plants still faced significant production resistance. The daily production of some SiMn alloy plants decreased slightly, but due to the increase in calendar days in March compared to February, the overall SiMn alloy production in March increased slightly. In April, most SiMn alloy plants face a shortage of manganese ore inventory, with spot manganese ore prices at a relatively high level. SiMn alloy plants are severely affected by losses, and both north and south China have plans to reduce or halt production. In addition, the current inventory of SiMn alloy is at a relatively high level, and the growth of SiMn alloy production remains under pressure. Therefore, the overall SiMn alloy production in April is expected to turn to a decrease.