- Dec8
- 18:36
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【SMM Stainless Steel Market】South Korea's POSCO announced that its wholly-owned subsidiary, POSCO Logistics, has completed registration in Vietnam and will commence operations in December. POSCO has a substantial presence in Vietnam, with POSCO VST serving as a core stainless steel production base. The new logistics entity aims to integrate previously scattered logistics contracts from various subsidiaries, creating a unified management system. This move is expected to significantly improve logistics efficiency, reduce costs, and enhance delivery precision for steel products, including stainless steel, covering the entire chain from raw material imports to finished product exports.
- 18:31
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【SMM Stainless Steel Market】Shandong HG Engineering Equipment Co., Ltd. (HGMC), a leading Chinese supplier, is expanding its global footprint in the commercial brewing industry with its high-precision stainless steel beer fermentation tanks. With over two decades of experience and exports to more than 120 countries, HGMC provides complete turnkey solutions, particularly targeting emerging markets in Central Asia and Russia along the Belt and Road Initiative. Their tanks feature advanced multi-zone cooling jackets and superior internal finishes to ensure hygiene and consistency. The company holds over 30 national patents and emphasizes ISO9001:2015 quality standards and regional certifications like EAC/GOST to facilitate international market entry.
- 18:30
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【SMM Stainless Steel Market】Jindal Stainless Limited (JSL), India's largest stainless steel manufacturer, has achieved an ESG score of 78 in the FY25 Dow Jones Sustainability Index (DJSI) assessment, up significantly from 60 the previous year. This score places JSL in the top 5% of global steelmakers, securing the 4th position in the steel sector and the 1st position in the stainless steel segment. The company also reported a 14% reduction in greenhouse gas emissions in FY25, driven by initiatives such as Odisha's largest captive solar plant and energy efficiency upgrades.
- 18:29
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On December 1st, Pan American Silver provided a 2025 year-end exploration update, reporting new drill results across Jacobina, El Peñon, La Colorada, Huaron, Timmins, Minera Florida and Cerro Moro. The company said it drilled 333,830 metres across the referenced mines during Nov 1, 2024–Oct 30, 2025, representing about 70% of total metres drilled over the period, with a full-year 2025 drilling plan of roughly 540,000 metres. Highlights included resource-extension potential at Jacobina and El Peñon, continued high-grade vein and replacement-style upside at La Colorada, and strong polymetallic intercepts at Huaron, alongside encouraging near-mine results at Timmins, Minera Florida and the Naty Condor area at Cerro Moro.
- 18:29
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【SMM Stainless Steel Market】Acerinox is highlighting its EcoACX® stainless steel line as a key solution for decarbonization. The product features 90% recycled material content and is produced using 100% renewable energy, achieving a 50% reduction in CO₂ intensity per ton compared to standard production. Designed to help customers reduce their Scope 3 emissions without compromising quality or durability, EcoACX® represents a central pillar of Acerinox's "360 Positive Impact" sustainability strategy.
- 18:28
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【SMM Stainless Steel Market】In a significant move that could impact EU steel policy, the French National Assembly has voted to nationalize ArcelorMittal's operations in France. While not yet legally binding, the vote reflects deep dissatisfaction with the steel giant. The proposal accuses ArcelorMittal of delaying decarbonization investments, engaging in aggressive tax optimization to avoid corporate taxes, and prioritizing shareholder payouts ($12.5 billion distributed by the parent group in 5 years) over local commitments. This development comes as critics argue that the EU's push for new steel tariffs is heavily influenced by French lobbying and relies on potentially misleading data from steel producers like ArcelorMittal to justify protectionist measures.
- 18:27
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On December 1st, 2025, EnviroGold Global announced progress in accelerating commercialization of its NVRO Process™, including the appointment of PPM Global as its specialist partner for μNVRO plant construction and commissioning, completion of its 2025 Optimization Program, and the launch of a mobile pilot-scale μNVRO strategy. The optimization work resulted in an updated NVRO flowsheet supported by lab work, advanced process modelling, and the IDEAS™ digital twin developed by Andritz with engineering support from Hatch. EnviroGold has begun building its first μNVRO unit, to be installed at its Fremantle facility, designed to replicate full-scale process performance and generate feasibility-level technical outputs with integrated sensors and remote monitoring capability. Post-commissioning, PPM Global plans to construct a containerized μNVRO fleet for deployment across three priority jurisdictions, with two more under review. The company is also planning expanded test infrastructure, including a dedicated U.S.-based testing site, to support North American customer engagement.
- 18:25
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【SMM Stainless Steel Market】Indian metal recycler Hudei Metals has installed a new stainless steel sorting line featuring Steinert's ISS sensor-based technology to improve product quality. The system uses induction technology to detect conductive metals smaller than 1mm, allowing for the removal of impurities and the production of cleaner fractions. Hudei, which produces 60,000 tonnes of stainless steel annually, aims to meet rising demand for sustainable materials in India's recycled metals market, which is forecast to grow from €10.5 billion in 2024 to €17.4 billion by 2033.
- 18:23
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【SMM Stainless Steel Market】In a recent speech, European Central Bank (ECB) President Christine Lagarde identified the European Union's economic problems as primarily self-inflicted, stemming from internal barriers rather than imports. An upcoming ECB report quantifies trade barriers within the EU's single market as equivalent to tariffs of 65% for goods and 100% for services. Lagarde criticized Europe's reliance on exports for prosperity and the neglect of its domestic market, noting that 10% of European equity investments are in US stocks. The analysis suggests that EU tariffs on steel and CBAM taxes harm the bloc's export-driven prosperity by raising costs, diverting attention from the real issue of an overregulated and fragmented internal market.
- 18:18
11 Regions Allocate Over 80 Billion Yuan in Special Bonds for Gov't Investment Funds
[Multiple Regions Issue Special Bonds for Government Investment Funds] According to incomplete statistics, since the beginning of this year, a total of 11 regions have disclosed the use of special bond funds for government investment funds, with a total scale exceeding 80 billion yuan. Experts believe that, approaching year-end, injecting special bond funds into government investment funds reflects the optimization of medium-term fiscal planning, helps serve major development strategies, supports the development of strategic emerging industries and technological innovation, and cultivates new momentum for economic growth.
- 18:16
China's Auto Exports Surge to 6.46M Units in Jan-Oct 2025, NEVs Shine
[CPCA Branch: China's Auto Exports Reach 6.46 Million Units, Up 22% YoY in Jan-Oct](https://example.com) The CPCA Branch stated that China's auto exports reached 6.46 million units in January-October 2025, up 22% YoY. In October 2025, exports hit 821,000 units, up 40% YoY and 9% MoM, showing strong overall performance both year-on-year and month-on-month. New energy vehicle (NEV) exports in October 2025 were 328,000 units, up 65% YoY, demonstrating excellent performance. From January to October 2025, NEV exports totaled 2.65 million units, up 54% YoY, a growth rate significantly higher than the 19% recorded in the same period of 2024.
- 18:16
Central Politburo Meeting Outlines Key Strategies for Next Year's Economic Work
[Central Politburo Meeting: Next Year's Economic Work Should Adhere to Seeking Progress While Maintaining Stability, Improving Quality and Efficiency, and Continue to Implement More Proactive Fiscal Policy and Moderately Easy Monetary Policy] The meeting pointed out that next year's economic work should adhere to seeking progress while maintaining stability, improving quality and efficiency, continue to implement more proactive fiscal policy and moderately easy monetary policy, leverage the integrated effects of existing policies and incremental policies, strengthen counter-cyclical and cross-cyclical adjustments, and effectively enhance the effectiveness of macro-economic governance. It is essential to persist in domestic demand-led approaches to build a strong domestic market; uphold innovation-driven development to accelerate the cultivation and growth of new momentum; maintain reform efforts to enhance the dynamism of high-quality development; adhere to opening-up policies to promote win-win cooperation across multiple fields; insist on coordinated development to foster urban-rural integration and regional linkages; uphold the "dual carbon" goals to drive comprehensive green transformation; prioritize people's livelihoods and strive to deliver more practical benefits for the public; and hold the bottom line to actively and steadily mitigate risks in key areas.
- 18:12
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[SMM Hot-Rolled Coil Daily Trading] On December 8, the total daily trading volume of hot-rolled coil from SMM's sample enterprises in four cities (Shanghai, Lecong, Tianjin, Ningbo) was 10,820 mt, down 830 mt or 7.1% day-on-day.
- 17:54
SHFE Aluminum Futures Warrants Rise on Dec 8, Weekly & Monthly Growth Noted
[SMM Aluminum Express] On December 8, SHFE aluminum futures warrants were recorded at 67,736 mt, an increase of 903 mt from the previous trading day; over the past week, SHFE aluminum futures warrants increased by 903 mt, up 1.35%; over the past month, SHFE aluminum futures warrants increased by 3,966 mt, up 6.22%.
- 17:53
LME Aluminum Inventory Sees Continuous Decline on Dec 8
[SMM Aluminum Express] On December 8, LME aluminum inventory was recorded at 525,800 mt, a decrease of 2,500 mt from the previous day, down 0.47%; over the past week, LME aluminum inventory decreased by 12,100 mt, down 2.25%; over the past month, LME aluminum inventory decreased by 23,400 mt, down 4.27%.
- 17:51
UK's Metalysis Starts Commercial Aluminum-Scandium Alloy Production, Eyes Capacity Boost
[SMM News: UK's Metalysis Commences Commercial Production of Aluminum-Scandium Alloy] UK midstream producer Metalysis has initiated the commercial production process for high-purity aluminum-scandium alloy powder. The company expanded its second-generation production units in operation, doubling the number to four. Each unit has an annual capacity of up to 350 kg of aluminum-scandium. However, in the coming months, Metalysis plans to increase the production of the third-generation units to a metric ton scale. Currently, the estimated capacity of the aluminum-scandium market is 3-4 mt per year. Given China's export controls, Metalysis is actively boosting production to address supply challenges faced in the upstream and midstream sectors.
- 17:43
Serra Verde Cuts Rare Earth Supply Deal Term with China, Eyes West Shift
[SMM Flash: Serra Verde Shortens Rare Earth Supply Agreement with China] Brazilian rare earth miner Serra Verde has significantly shortened the contract term with Chinese processing enterprises, a move intended to create favorable conditions for smoothly shifting to Western markets after the completion of rare earth separation capacity in the West in the coming years. Previously, the company's supply agreement with China was set for 10 years; after renegotiation, the new agreement will expire at the end of 2026, approximately eight years earlier than originally planned. Serra Verde's Pela Ema Mine, located in Goiás, Brazil, is the largest rare earth mine in South America, renowned for its abundance of heavy rare earth elements such as dysprosium and terbium. The mine commenced commercial production in early 2024, with current annual production of 4,000–5,000 mt of rare earth oxides, and is expected to reach full production capacity of 6,500 mt per year by 2027. The company has planned a second-phase expansion project, aiming to double its capacity by 2030. In 2025, the U.S. International Development Finance Corporation (DFC) approved a $465 million loan to Serra Verde, which will be used for mine expansion and technological upgrades. This move not only provides financial support to Serra Verde but also serves as a strategic endorsement, indicating that the company has been incorporated into the Western "critical minerals security" system.
- 17:35
CPCA: China's Vehicle Exports Surge 22% YoY in Jan-Oct 2025, NEVs Lead Growth
[CPCA: China's Jan-Oct vehicle exports hit 6.46 million units, up 22% YoY] The Passenger Car Association reported that China's vehicle exports reached 6.46 million units from January to October 2025, up 22% YoY. In October 2025, vehicle exports were 821,000 units, up 40% YoY and 9% MoM, with both YoY and MoM trends showing overall strength. New energy vehicle (NEV) exports in October 2025 stood at 328,000 units, up 65% YoY, performing very well; NEV exports from January to October 2025 totaled 2.65 million units, up 54% YoY, a growth rate significantly higher than the 19% recorded in the same period of 2024.
- 17:32
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Today, HRC futures fluctuated downward, with the most-traded contract closing at 3,291, down 1.02% for the day. Supply side, new rolling line maintenance plans were added in north China and east China this week, and some previous maintenance is still ongoing, so HRC production is expected to remain low this week. Demand side, futures declined today, spot transactions were average, mainly driven by low-price purchasing as needed, with speculative demand relatively weak. Cost side, increased maintenance at steel mills is expected to further reduce hot metal output, weakening cost-side support. Macro news, today’s Politburo meeting statements fell slightly short of expectations, but the Central Economic Work Conference and the FOMC meeting are still ahead. Looking ahead, HRC is currently in a weak supply-demand pattern, with macro factors gaining weight in trading. Market participants will focus on potential positive signals from the two key domestic and international meetings, but overall, any favorable news may present profit-taking exit opportunities.
- 17:30
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[SMM Express] According to SHFE data, on December 8, the total registered volume of cast aluminum alloy warrants was 66,558 mt, an increase of 122 mt compared to the previous trading day. The total registered volumes by region were as follows: Shanghai (4,757 mt, no change), Guangdong (21,224 mt, up 122 mt), Jiangsu (11,509 mt, up 570 mt), Zhejiang (22,340 mt, no change), Chongqing (6,308 mt, no change), and Sichuan (420 mt, no change).
- 17:05
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【SMM Steel】The Korea Trade Commission has initiated an anti-dumping investigation on galvanized cold-rolled steel originating from China, following applications by three domestic producers. The investigation period is expected to cover July 1, 2024 to June 30, 2025, with injury investigation spanning January 1, 2021 to June 30, 2025. The KTC anticipates issuing a preliminary ruling within three months, requiring interested parties to register responses within three weeks of the investigation launch. The products involved are zinc or zinc-alloy surface-treated carbon/alloy steel cold-rolled coils, sheets or plates under 4.75 mm thickness, including corrugated and painted/varnish/plastic-coated products, excluding electrolytically plated zinc and galvannealed products.
- 17:05
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【SMM Steel】Serbia's National Assembly has passed the Greenhouse Gas Emissions Tax Law and Carbon-Intensive Products Import Tax Law, effective January 1 next year to reduce pollution, improve energy efficiency and promote renewable energy adoption. The measures also respond to international mechanisms like the EU CBAM. Both taxes are set at €4 per ton of CO2 equivalent, though supporting legislation is still required for implementation. The emissions tax targets large industrial emitters in sectors including cement, fertilizer, steel, aluminum and electricity requiring emission permits. Due to technological limitations and lack of precise taxation methods, the import tax law excludes electricity and applies only to entities importing five tons or more annually of specified products including iron/steel, cement, fertilizer and aluminum. Entities implementing decarbonization projects qualify for national budget incentives.
- 17:04
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【SMM Steel】Nippon Steel subsidiary US Steel will restart a blast furnace at its Granite City Works in Illinois due to increased customer demand. The plant's two blast furnaces were previously idled amid reduced steel demand, with the restarted furnace expected to resume operations between April and June 2026. The company will add approximately 400 employees, bringing total workforce to about 1,200. Nippon Steel completed its $14.9 billion acquisition of US Steel in June, issuing a "golden share" with veto power over significant operational matters to the US government, though US Steel clarified the blast furnace restart is unrelated to this share structure.
- 17:04
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【SMM Steel】Japanese steel manufacturer Aichi Steel will expand its partnership with Vardhman Special Steels in Punjab, India, planning to invest Rs 5 billion for related developments. The two parties formalized the agreement by signing a Memorandum of Understanding witnessed by the state's Chief Minister. The Minister noted Aichi Steel already holds approximately 24.9% stake in Vardhman, with this further investment demonstrating deepening India-Japan cooperation within Punjab's industrial ecosystem, pledging full state government support and necessary assistance for the collaboration.
The local prices are expected to be released soon, stay tuned!
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