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  Exports of Argentine Mineral Products Hit Record High in First Three Quarters

• Macro & Fundamental Changes Relatively Small, Ferrous Metals Rebound Still Awaits Time [SMM Steel Industry Chain Weekly Report]

  This week, ferrous metals bottomed out after fluctuating downward, with coking coal and coke showing stronger performance than other varieties. At the beginning of the week, the market digested news that the US threatened to impose 100% tariffs on Chinese imports in November. The escalation of Sino-US trade tensions led to weak market sentiment, coupled with persistent supply-demand imbalances, causing finished product futures to fall to their lowest levels in nearly three months. In the latter part of the week, inventory data for the five major steel products showed a decline WoW compared to the first week after the holiday, although hot-rolled coil inventories continued to accumulate. Ferrous metals bottomed out, with hot-rolled coil underperforming other varieties. In the spot market, post-holiday procurement by end-users did not see a significant release, while some speculative demand purchased at low levels, though the volume was relatively small.

• 【SMM Analysis】Weekly Review of Indonesian Nickel Market - Oct 17

  Indonesian Nickel Ore Price Rises, Saprolite Demand Increases

• [SMM Chromium Weekly Review] Chromium Market Weakens Post-Holiday, Awaiting Steel Tender Guidance

  [SMM Chrome Weekly Review: Chrome Market Weakened Post-Holiday, Awaiting Steel Tender Guidance] October 17, 2025: The ex-factory price of high-carbon ferrochrome in Inner Mongolia today was 8,400-8,550 yuan/mt (50% metal content), down 25 yuan/mt (50% metal content) from the previous trading day.

• BC Copper Pulls Back After Rising in Night Session, Market Closely Watches US Government Shutdown Risk [SMM BC Copper Review]