Tangshan Iron Powder Prices Eye Slight Rise Amid Market Sluggishness and Pricing Standoff

From January to August, industrial enterprises above designated size nationwide achieved total profits of 5,271.98 billion yuan, up 15.7% YoY (calculated on a comparable basis). From January to August, among industrial enterprises above designated size, state-controlled enterprises achieved total profits of 1,675.99 billion yuan, up 10.3% YoY; joint-stock enterprises achieved total profits of 4,071.46 billion yuan, up 20.4%; foreign-invested enterprises and enterprises invested by investors from Hong Kong, Macao, and Taiwan achieved total profits of 1,179.47 billion yuan, up 2.3%; private enterprises achieved total profits of 1,321.32 billion yuan, up 10.4%.

On 26 September, an explosion occurred at the Elga coal mine in Yakutia — Russia's largest coking coal deposit — killing four workers who were carrying out welding operations. Despite the incident, no full production halt has been announced for Elga's core production areas. The key industrial base is estimated to hold 2.2 billion mt of coking coal reserves, and the mine produced 35.1 million mt in 2025. The incident has triggered a criminal investigation into safety violations, which may threaten near-term output at the 8,000-employee facility.

India’s CESTAT ruled in a case involving Chinese cold-rolled stainless steel imports that anti-dumping duty levied under the Customs Tariff Act forms part of the relevant customs duty framework and must be reflected in the calculation of IGST on imported goods. The tribunal upheld demands of about INR 2.10 million in anti-dumping duty and INR 377,228 in IGST, together with applicable interest.