A Mine in Jiangxi Sold 128 mt of Molybdenum Concentrates at a Floor Price of 5,230 Yuan

[SMM Steel] The global flat steel market in 2026 is being reshaped by chronic overcapacity, rising regional protectionism, CBAM-related pressure, and weaker traditional steel margins, according to discussions at Steel 2026 in Izmir. Market participants said weak demand in major economies and continued Chinese exports are putting downward pressure on international flat steel prices. Turkish and European producers are under growing pressure from low-cost Asian imports, tighter EU carbon rules, and shrinking margins. CBAM and quota policies are also changing export costs and trade flows, while service centers are expected to play a larger role in processing, financing, inventory management, and short-term delivery.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 18 May , 2026

Freight. From January to April, national railways cumulatively completed freight volume of 1.727 billion mt, up 2.8% YoY; freight turnover reached 1,227.427 billion mt-km, up 5.4% YoY. In April, freight volume reached 446 million mt, up 4.3% YoY; freight turnover reached 320.623 billion mt-km, up 6.3% YoY. By commodity category, from January to April, national railways cumulatively transported coal (920 million mt), containers (349 million mt), and fertilizers & pesticides (21.15 million mt), up 3.4%, 9.1%, and 14.6% YoY respectively, with key commodity transportation effectively guaranteed. Fixed asset investment. From January to April, national railway fixed asset investment totaled 200.8 billion yuan, up 3.2% YoY, with railway construction advancing with high quality and efficiency.