SunSirs: Steel Products Industries Bulk Commodity Intelligence (September 9, 2026)

Macroeconomics

1. [PPI] National Bureau of Statistics: In August 2026, the national producer price index (PPI) for manufactured goods rose by 3.8% year-on-year and 0.4% month-on-month. Producer purchase prices increased by 5.8% year-on-year and 0.3% month-on-month. For the January-August period, producer prices for manufactured goods rose by 2.0% year-on-year, while producer purchase prices increased by 3.2%.

2. [CPI] National Bureau of Statistics: In August 2026, the national Consumer Price Index (CPI) rose by 0.8% year-on-year and 0.4% month-on-month. For the January-August period, the national CPI increased by 0.9% year-on-year.

3. [Imports and Exports] Customs statistics show that in the first eight months of this year, my country's total value of goods imports and exports reached 34.78 trillion RMB, a year-on-year increase of 17.6%. In August alone, the total value stood at 4.65 trillion RMB, up 19.8% year-on-year. Specifically, exports and imports grew by 18.6% and 21.7% respectively; both maintained double-digit growth for four consecutive months, and the monthly year-on-year growth rate of imports exceeded that of exports for six consecutive months.

Steel

1. [Galvanized Sheet] Thailand has decided to continue imposing anti-dumping duties on hot-dip galvanized steel sheets from China, effective September 7. The duty rate is 8.20% for HBIS Group, 4.75% for Baowu and other companies that cooperated with the investigation, and as high as 37.54% for other non-sampled companies. Exemptions are available for specific applications such as automotive parts, products intended for re-export, and steel sheets with a thickness exceeding 2.3 mm.

2. [Silicomanganese] HBIS Group's silicomanganese procurement volume for September 2026 is 14,800 tonnes (excluding 6,000 tonnes for medium-heavy plates). The procurement volume for August was 16,600 tonnes. (The procurement volume for September 2025 is 17,000 tonnes).

3. [Steel] Data from the China Iron and Steel Association (CISA) shows that in late August 2026, key steel enterprises produced a total of 20.74 million tonnes of crude steel (average daily output: 1.885 million tonnes, down 4.0% month-on-month), 19.41 million tonnes of pig iron (average daily output: 1.765 million tonnes, down 3.0% month-on-month), and 22.09 million tonnes of steel products (average daily output: 2.008 million tonnes, up 4.8% month-on-month). Based on these figures, the estimated national daily output for the period was 2.39 million tonnes of crude steel (down 4.0% month-on-month), 2.14 million tonnes of pig iron (down 3.0% month-on-month), and 3.83 million tonnes of steel products (up 2.0% month-on-month).

4. [Steel] In August 2026, China exported 10.155 million tonnes of steel; the cumulative export volume for January-August was 75.149 million tonnes, down 3% year-on-year. China imported 434,000 tonnes of steel in August, with cumulative imports of 3.574 million tonnes for January-August, down 10.5% year-on-year.

5. [Iron Ore] In August 2026, China imported 108.539 million tonnes of iron ore and concentrates; the cumulative import volume for January-August was 845.271 million tonnes, up 5.5% year-on-year.

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