Accessible version Basic Materials - China Aluminum Lifted by Geopolitics; Steel Steady; Building Materials Stay Weak Industry Overview Metals Markets React to Rising Middle East Risks Copper: Geopolitical risks continue to threaten energy supplies, while domestic demand is recovering, with lower copper prices supporting downstream activity; however, elevated Shanghai inventories still limit spot premium improvement. LME copper fell 3.6% WoW to USD 12,817/t, and China's copper price declined 1% to RMB 101,2 ...

13 March 2026 | 4:03PM HKT Economics Research China Economic Activity and Policy Tracker: March 13 In this note, we update four sets of high-frequency indicators that we track: 1) consumption and mobility; 2) production and investment; 3) other macro activity; and 4) markets and policy. Due to the different timing of Chinese New Year (CNY), we align some of the high-frequency data with the lunar calendar to adjust for the distortion. Chelsea Song +852-2978-0106 | chelsea.song@gs.com Goldman Sachs (Asia) L.L ...

需求边际修复，钢价 延续震荡 钢材周报 2026/03/14 0755-23375155 zhaoh3@wkqh.cn 陈张滢（黑色建材组） 从业资格号：F03098415 交易咨询号：Z0020771 赵航 （联系人） 从业资格号：F03133652 CONTENTS 目录 01 周度评估及策略推荐 04 成本端 02 期现市场 05 供给端 03 利润和库存 06 需求与进出口 01 周度评估及策略推荐 周度小结 ◆ 供应：铁水产量为221.2万吨，环比减少6.39万吨，同比-4.07%。高炉端生产略有回落，铁水产量结束此前的修复态势，整体仍处于相对 偏低水平。螺纹钢产量为195.3万吨，环比+12.69%，同比-14.00%。在前期低产量基础上，本周螺纹钢产量明显回升。分结构看，长流程 产量为166.29万吨，环比+2.89%，同比-15.82%，高炉端产量小幅修复；短流程产量为29.01万吨，环比+148.16%，同比-1.86%，随着电炉 逐步复产，短流程供给明显回升。热轧卷板产量为295.26万吨，环比-1.94%，同比-7.34%，较上周小幅回落，板材供应整体保持相对稳定。 利润方面，本周钢厂盈 ...

JSW Steel, India’s biggest steelmaker by capacity, won rights to develop a coal mine in Mozambique’s Tete province, securing access to a key raw material used in steel manufacturing https://t.co/pBk6FuWFSp ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of TKAMY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advi ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Gro ...

or increased custom duties and tariffs and trade barriers in the countries in which we, our customers and our suppliers operate could adversely affect our ability to compete, operations, results of operations and financial condition. These factors should not be construed as exhaustive and should be read in conjunction with the Risk Factors and other cautionary statements that are included in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q and other filings with the SEC. The forward-lookin ...

钢材：原料供应搅动，钢价持续震荡 GALAXY FUTURES 1 钢材总结 数据总结： 研究员：戚纯怡 期货从业证号：F03113636 投资咨询证号：Z0018817 目录 | 第一章 | 钢材行情总结与展望 | 2 | | --- | --- | --- | | 第二章 | 价格及利润回顾 | 5 | | 第三章 | 国内外重要宏观数据 | 12 | | 第四章 | 钢材供需以及库存情况 | 19 | GALAXY FUTURES 2 供给：本周螺纹小样本产量195.30万吨（+21.99），热卷小样本产量295.26万吨（-5.85）。247家钢厂高炉铁水日 均221.2万吨（-6.39），富宝49家独立电弧炉钢厂产能利用率43.2%（+12.5）。电炉端，华东平电电炉成本在 3473（折盘面）元/吨左右，电炉平电利润-235.43元/吨左右，谷电成本3308（折理记）元左右，华东三线螺纹谷电 利润-90元/吨。由于铁水继续减产，铁废差仍然回升，而电炉出现亏损，节后电炉快速复产，废钢日耗在44.57万吨， 预计下周继续增产；长流程钢整体依然亏损，钢厂增产积极性不足，但预计下周开始陆续复产。 需求：My ...

Core Viewpoint - Tree Island Steel reported a significant decline in revenues and profits for the year ended December 31, 2025, primarily due to lower U.S. sales volumes impacted by tariffs and a strategic withdrawal from unprofitable product lines, while focusing on strengthening its position in the Canadian market [2][3][4]. Financial Performance - For Q4 2025, revenues were $32.4 million, down from $44.8 million in Q4 2024, attributed to lower U.S. sales and strategic product line withdrawals [2]. - Full-year revenues totaled $161.8 million, a decrease from $207.0 million in 2024, despite higher average selling prices [3]. - Gross profit declined to $9.5 million from $11.8 million, and adjusted EBITDA decreased to $3.0 million from $4.3 million, reflecting lower sales and production volumes [3][6]. - The company implemented cost-management initiatives, including a 27% workforce reduction, to mitigate the impact of reduced volumes [3]. Dividends and Future Outlook - The company paid quarterly dividends of $0.015 per share in 2025 but has suspended dividend payments in 2026 due to ongoing economic uncertainty [4]. - The total assets as of December 31, 2025, were $154.9 million, down from $168.8 million in 2024 [5]. Operational Insights - The company continues to focus on the Canadian market amidst challenges posed by U.S. tariffs, indicating a strategic shift in market focus [4]. - The company produces a variety of wire products for industrial, residential, commercial, and agricultural applications, marketed under several brand names [8].

Core Viewpoint - Tree Island Steel reported a significant decline in revenues and profits for the year ended December 31, 2025, primarily due to lower U.S. sales volumes impacted by tariffs and a strategic withdrawal from unprofitable product lines, while focusing on strengthening its position in the Canadian market [2][3][4]. Financial Performance - For Q4 2025, revenues were $32.4 million, down from $44.8 million in Q4 2024, attributed to reduced U.S. sales and strategic product line withdrawals [2]. - Full-year revenues totaled $161.8 million, a decrease from $207.0 million in 2024, despite higher average selling prices [3]. - Gross profit fell to $9.5 million from $11.8 million, and adjusted EBITDA decreased to $3.0 million from $4.3 million, reflecting lower sales and production volumes [3]. - The company implemented cost-management initiatives, including a 27% workforce reduction, to address the impact of reduced volumes [3]. Dividend Policy - The company paid quarterly dividends of $0.015 per share in 2025 but has decided to suspend dividend payments in 2026 due to ongoing economic uncertainty [4]. Operational Insights - The company reported an operating loss of $2.957 million for Q4 2025, compared to a loss of $3.157 million in Q4 2024, and a full-year loss of $6.443 million, up from $3.125 million in 2024 [5][6]. - Total assets as of December 31, 2025, were $154.88 million, down from $168.82 million in 2024 [6]. Market Focus - Tree Island Steel aims to strengthen its position in the Canadian market while navigating challenges posed by U.S. tariffs [4]. - The company produces a variety of wire products for industrial, residential, commercial, and agricultural applications, marketed under several brand names [8].