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Summary of the Jiangsu Steel Industry Chain Access White List; Shortage of Building Materials Specifications in Yunnan and Guizhou

03

25-12

// Blog

Summary of the Jiangsu Steel Industry Chain Access White List; Shortage of Building Materials Specifications in Yunnan and Guizhou

According to the Passenger Car Association, from November 1 to 30, new-energy vehicle wholesale sales by passenger car manufacturers nationwide reached 1.72 million units, representing a year-on-year increase of 20% and a month-on-month increase of 7%. Year-to-date cumulative wholesale sales have totaled 13.78 million units, up 29% over the same period last year.

Steel mills are expanding the scale of production cuts and maintenance, and steel billets in Tangshan rose over the weekend.

01

25-12

// Blog

Steel mills are expanding the scale of production cuts and maintenance, and steel billets in Tangshan rose over the weekend.

According to a survey by the China Automobile Dealers Association, in November, the inventory warning index for Chinese auto dealers was 55.6%, up 3.8 percentage points year-on-year and 3.0 percentage points month-on-month.

The NDRC is promoting measures to address disorderly price competition; this week, steel supply has increased while demand has declined.

01

25-12

// Blog

The NDRC is promoting measures to address disorderly price competition; this week, steel supply has increased while demand has declined.

On November 27, the steel truss arch of the Fenglai Daxi River Super Bridge—the longest-span steel arch bridge in the world to date—on the Chongqing Wulong to Liangjiang New Area Expressway, with a main span of 580 meters, was successfully joined. The entire bridge is constructed entirely of steel, with a total steel usage of 25,000 tons.

Iron ore prices surged above $105, and the yuan-to-dollar exchange rate hit a more than one-year high.

27

25-11

// Blog

Iron ore prices surged above $105, and the yuan-to-dollar exchange rate hit a more than one-year high.

Recently, the "Work Plan for Categorized Disposal of Coal Mines with Annual Production Capacity Below 600,000 Tons in Shaanxi Province" was issued. The plan mentions accelerating the categorized disposal of coal mines with annual production capacity below 600,000 tons and guiding coal mines that have exhausted their resources or no longer meet safety production standards to close and exit the market.

Xi Jinping Holds Telephone Conversation with Trump; International Commodity Prices Rise

27

25-11

// Blog

Xi Jinping Holds Telephone Conversation with Trump; International Commodity Prices Rise

The October global shipbuilding industry monthly report has been released. According to the latest data from Clarkson, in October 2025, the global shipbuilding industry signed new orders for 134 vessels, totaling 2,920,231 CGT. The corrected total tonnage declined by 36.39% month-on-month and by 37.56% year-on-year.

Several Federal Reserve officials signaled potential interest rate cuts, while Shagang's scrap steel prices were lowered.

24

25-11

// Blog

Several Federal Reserve officials signaled potential interest rate cuts, while Shagang's scrap steel prices were lowered.

From November 22 to 23, the 20th G20 Leaders' Summit was held in Johannesburg, South Africa. Premier Li Qiang announced at the summit the "International Initiative on Green Mineral Economic and Trade Cooperation" and China's "Action Plan to Implement the G20 Initiative on Supporting Industrialization in Africa and Least Developed Countries." Currently, the "International Initiative on Green Mineral Economic and Trade Cooperation" has already garnered support and participation from more than 20 countries and international organizations.

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