【SMM Analysis】Southeast Asia Steel 2026: Supply Surge, Trade Shifts & The New Price Order

Nanjing sold a residential land parcel in Jiangning District, with a planned construction area of 150,784 m², a floor area ratio of 1.6, a starting price of 1.352 billion yuan, and a starting floor price of 8,966 yuan/m². Ultimately, Nanjing Zhuoxue Real Estate Co., Ltd. won the land at the base price of 1.352 billion yuan.

US-Canada trade negotiations collapsed on August 21, leaving Canadian steel and aluminum subject to the existing 50% Section 232 tariffs and dashing market expectations of any tariff relief. The newly imposed 50% tariffs cover products including alcohol, dairy, furniture, and certain apparel, but do not extend to steel or aluminum. With the high tariff barrier remaining in place, Canadian steel and aluminum will continue to face significant headwinds in accessing the US market; South Korean steel has already largely displaced Canada's market share, a trend expected to continue.

The State Council Information Office held a press conference on the theme "Starting the 15th Five-Year Plan Period" on the 26th, briefing on efforts to fully implement the 15th Five-Year Plan and accelerate the promotion of new-type industrialization. Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, stated that small and medium-sized enterprises are numerous and wide-ranging, affecting not only technological innovation and industry chain resilience but also employment and people's livelihoods. During the 15th Five-Year Plan period, the development of small and medium-sized enterprises faces new situations, opportunities, and challenges. MIIT, together with multiple departments, has jointly formulated the 15th Five-Year Plan for the development of small and medium-sized enterprises, which will be officially released soon.