[Ministry of Finance Issues Special Government Bonds for Capital Injection into Central Financial Institutions]

In January-September this year, cumulative sales of China's heavy-duty truck industry reached approximately 926,000 units, up about 13% YoY, with the cumulative growth rate further slowing down. The MoM increase in wholesale sales of the heavy-duty truck market in September was mainly due to seasonal changes, as transport demand improved compared with the off-season months of July-August, leading to a certain MoM increase in car purchase demand. However, the YoY decline stemmed from the interplay of multiple unfavourable factors: sluggish domestic freight demand, falling freight rates, overdrawn demand due to policies and regulations, industry destocking, a high sales base in the same period last year, and rising oil and gas prices.

The European Steel Association (EUROFER) published finalized trade data on October 5, 2026, revealing that total EU imports of finished steel products fell by 3% year-on-year in the first half of 2026. The decline was heavily concentrated in the long products segment, which crashed by 18% overall—including a 23% plunge in rebar, a 21% drop in wire rod, and a staggering 47% collapse in heavy section imports. The volumetric decline highlights persistently weak apparent steel consumption across the bloc's construction sector, artificially shielding local mills from excess global supply. [SMM Iron Ore]