[SMM Steel] On March 25, 2026, the European Steel Association (Eurofer) issued a stark warning following the release of the latest OECD data, labeling global steel overcapacity an "existential threat" to European steelmaking, investment, and jobs. The data reveals that global steelmaking capacity has climbed to a record 2.4 billion mt, with excess capacity reaching 640 million mt in 2025—exceeding total OECD production by over 200 million mt. Eurofer Director-General Axel Eggert is calling for the immediate adoption of a robust tariff-rate quota (TRQ) system to shield the EU market from trade diversion and stabilize the domestic industry before current measures expire

[SMM Steel] According to the American Iron and Steel Institute (AISI), U.S. domestic raw steel production for the week ending March 28, 2026, reached 1.803 million net tons, with a capacity utilization rate of 77.9%. This marks a 1.2% increase from the previous week (1.781 million net tons) and a significant 5.9% increase compared to the same period in 2025. Adjusted year-to-date production through March 28 stands at 22.197 million net tons, up 5.0% year-on-year, reflecting a steady recovery in the U.S. steel sector.

At a conference call on March 31, Sungrow stated regarding the company’s overall target plan for energy storage shipments in 2026 that the global market is expected to grow by 30–50 in 2026. With raw material prices rising, some projects were in a wait-and-see stage, but the demand should still exist and would only be deferred. The company will strive based on the upper end of market growth, hoping to achieve more than 60 Gwh.

German company, Tozero, announced on March 27 (local time) the official launch of its industrial-scale demonstration plant. The company has built a facility at the Gendorf chemical park in Bavaria, Germany, capable of processing more than 1,500 tons of waste batteries annually. The process enables the recovery of lithium carbonate, graphite, and nickel-cobalt mixtures from spent batteries for reuse as battery raw materials. The plant is expected to recycle resources equivalent to batteries from approximately 6,000 electric vehicles per year, reducing reliance on landfill disposal.

According to the U.S. Patent and Trademark Office on the 30th, Samsung SDI has filed for and is in the process of securing a patent for a composite anode material. The patent, titled “Composite anode active material and anode and lithium secondary battery including the same,” was originally filed on July 10, 2020, and was published on March 24. It covers an anode material combining graphite with an average particle size (D50) of approximately 18μm or larger, graphite of around 10μm or larger, and a silicon-carbon composite. The technology focuses on enhancing structural stability and extending battery lifespan by densely filling the electrode with graphite particles of different sizes.

On April 1, Wang Daoshu, Deputy Commissioner of the State Taxation Administration, said at a press conference held by the administration: the tax authorities had also achieved initial results in rectifying “circular invoicing” and “mutual invoicing.” China's data from the State Taxation Administration showed that from January 1 to March 25, invoicing amounts in the wholesale sector, where such enterprises were relatively concentrated, fell 2.6% YoY. Among them, invoicing amounts in the wholesale subsectors of coal and coal products, and metals and metal ore, declined 8.7% and 5.2% YoY, respectively.

On March 30, Republican Senators Cynthia Lummis and Bill Cassidy jointly proposed the Mined in America Act, aiming to promote the return of cryptocurrency mining to the U.S., while legislating the strategic Bitcoin reserves established by Trump through executive order into the legal framework.

[Yonggang April-1, 2026 General Steel Price Adjustment] Yonggang’s April-1, 2026 construction steel price adjustment: rebar and wire rod remained stable; current prices were rebar at 3,450 yuan/mt, wire rod at 3,700 yuan/mt, and coiled rebar at 3,700 yuan/mt; for the March-3 period, rebar was compensated by 175 yuan/mt and wire rod by 235 yuan/mt; for this period, the monthly discount interest rates for electronic bank acceptance bills were 1.19‰ for Tier 1 and Tier 2 banks, 1.29‰ for provincial city commercial banks, and 1.49‰ for Tier 3 and Tier 4 banks. [SMM Steel]

New Delhi quietly renewed BIS certification waivers through September 2026, even as it talks tough on Chinese overcapacity. The contradiction reveals more about India's industrial gaps than its trade policy convictions

On March 28, BYD released its 2025 annual report. According to the report, the company achieved operating revenue of 803.965 billion yuan in 2025, a year-on-year increase of 3.46%; and net profit attributable to shareholders of the listed company of 32.619 billion yuan, a year-on-year decrease of 18.97%. As of the end of the year, its total assets reached 883.730 billion yuan, an increase of 12.81% year-on-year; net assets attributable to shareholders of the listed company stood at 246.274 billion yuan, up 32.94% from the end of the previous year, with its overall asset strength steadily consolidated. In terms of energy storage business, its global energy storage system shipments exceeded 60GWh in 2025, ranking first among global energy storage system manufacturers.