Long steel inventory in Guangzhou extends gain

In H1, in the face of multiple challenges including tight raw material supply, tighter environmental protection constraints, and a complex and rapidly changing market environment, Wuxin Copper of Xinjiang Nonferrous Metal Group achieved a 136.22% increase in total industrial output value YoY, with the cash collection ratio from operations exceeding 110.41%. Major production and operating indicators all rose, delivering an impressive “mid-year report card.” Behind these encouraging results is Wuxin Copper’s path of concerted efforts: closely aligning with the main theme of the “Party-Building-Led Standardized Operations and Management Year,” staying committed to hard work and tackling tough challenges, pressing ahead against the odds, and breaking through various production and operational

Hunan Province has launched the second round of its provincial ecological and environmental protection inspection "look-back" campaign. The first batch of seven inspection teams has been fully deployed since June 13, 2026, covering the cities of Changsha, Zhuzhou, Yueyang, Shaoyang, Hengyang, Huaihua, and Zhangjiajie. According to market sources, some lead-zinc mines have suspended production as a result of the inspections. SMM will continue to monitor and assess the potential impact on zinc concentrate supply.

On June 19, 2026, the Australian Anti-Dumping Commission issued Notice No. 2026/088, terminating the anti-dumping investigation on galvanised sheet [Zinc Coated (Galvanised) Steel] imported from South Korea and Vietnam, following the withdrawal application submitted by the applicant BlueScope Steel Limited. Previously, on May 22, 2026, the Commission issued Notice No. 2026/071, initiating an anti-dumping investigation on galvanised sheet imported from South Korea and Vietnam, in response to an application filed by Australian domestic enterprise BlueScope Steel Limited.