1-10月份，全国钢材产量121759万吨，同比增长4.7%。而10月份钢材产量同比下降0.9%、环比下降 4.5%，至11864万吨；据此测算，10月份钢材日均产量383万吨，环比下降7.6%。 1-10月份，全国生铁产量71137万吨，同比下降1.8%。10月份生铁产量为6555万吨，这是2024年3月份以 来最低单月水平，同环比分别下降7.9%和0.8%，环比连续第五月下降；当月生铁日均产量211万吨，环 比下降4.0%。 1-10月份，全国粗钢产量81787万吨，同比下降3.9%。10月份粗钢产量为7200万吨，同样是2024年3月份 以来最低单月水平，同环比分别下降12.1%和2.0%，环比连续第五月下降；10月份粗钢日均产量232万 吨，环比下降5.2%。 国家统计局数据显示，2025年1-10月份，全国焦炭和钢材产量同比继续增长，粗钢和生铁产量则呈降。 具体来看： 1-10月份，全国焦炭产量41905万吨，同比增长3.3%。10月份焦炭产量为4190万吨，同比增长1.5%，但 环比下降1.6%，为连续第二月环比下降；据此测算，10月份焦炭日均产量135万吨，环比下降4.7%。 ...

Core Viewpoint - The production of coke and steel in China showed a year-on-year increase in the first nine months of 2025, while the output of crude steel and pig iron continued to decline [1] Group 1: Coke Production - In the first nine months of 2025, the national coke production reached 37.716 million tons, representing a year-on-year increase of 3.5% [1] - In September 2025, the coke production was 4.256 million tons, showing a year-on-year increase of 8.0% but a month-on-month decrease of 0.1% [1] - The average daily coke production in September was estimated at 1.42 million tons, reflecting a month-on-month increase of 3.2% [1] Group 2: Pig Iron Production - The national pig iron production in the first nine months of 2025 totaled 64.586 million tons, which is a year-on-year decrease of 1.1% [1] - In September 2025, the pig iron production was 6.605 million tons, down 2.4% year-on-year and 5.4% month-on-month, marking the fourth consecutive month of decline [1] - The average daily pig iron production in September was estimated at 2.2 million tons, showing a month-on-month decrease of 2.2% [1] Group 3: Crude Steel Production - The crude steel production in the first nine months of 2025 was 74.625 million tons, reflecting a year-on-year decline of 2.9% [1] - In September 2025, the crude steel production was 7.349 million tons, which is a year-on-year decrease of 4.6% and a month-on-month decrease of 5.0%, continuing a downward trend for the fourth consecutive month [1] - The average daily crude steel production in September was estimated at 2.45 million tons, indicating a month-on-month decrease of 1.8% [1] Group 4: Steel Production - The total steel production in the first nine months of 2025 reached 110.385 million tons, showing a year-on-year increase of 5.4% [1] - In September 2025, the steel production was 12.421 million tons, which is a year-on-year increase of 5.1% and a month-on-month increase of 1.2% [1] - The average daily steel production in September was estimated at 4.14 million tons, reflecting a month-on-month increase of 4.5% [1]

Some of Brazil’s pig iron producers are looking at halting operations as tariff tensions shrink demand from customers in the US, the top buyers of cargoes from the South American nation https://t.co/7lvt8NMs96 ...

Core Insights - SAGA Metals Corp. has reported significant advancements in its exploration campaign at the Radar Project in Labrador, Canada, indicating geological similarities to the Panzhihua VTM operation in China, which is responsible for over 40% of global vanadium production [1][2][22]. Exploration Results - The Radar Project features a large oxide layering thickness and a near-monomineralic VTM composition, suggesting its potential to become a globally significant VTM project [2][21]. - The drilling program involved 2,209 meters of drilling and 2,943 assay samples, revealing a highly prospective Lower Cumulate Layer with a vanadium-rich basal layer [4][5][18]. - The mineralogy of the Radar Project is noted to be cleaner and coarser than most VTM deposits, with vanadium content comparable to Panzhihua [3][12]. Geological Context - The Radar Property spans 24,175 hectares and is well-supported by existing infrastructure, including road access and a deep-water port [6][29]. - The Dykes River Intrusive Complex, which the Radar Project encompasses, is recognized for hosting significant titanium-vanadium-iron oxide-bearing deposits [7][21]. Drilling and Assay Data - The Lower Cumulate Layer has been identified with thicknesses ranging from 300 to 400 meters, with the highest V2O5 assays located in the lower 100-200 meters [10][23]. - Significant drill intersections have been recorded, with length-weighted average grades of VTM ranging from 22.95% to 29.59% [13][23]. Future Plans - SAGA Metals plans to conduct further delineation drilling and initiate metallurgical testing in 2025, aiming to establish the Radar Project as a strategic candidate for domestic titanium, vanadium, and pig iron production [27][30]. - The company aims to leverage its proximity to infrastructure and strong mineralogy to enhance its position in the critical minerals market [27][34].