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In many areas of industrial production, alloy steel, with its customizable and superior properties, has become an essential material for high-end equipment manufacturing, aerospace, and other industries. Unlike ordinary carbon steel, which relies solely on iron and carbon elements, alloy steel is an iron-carbon alloy formed by adding one or more alloying elements such as silicon, manganese, and chromium to carbon steel.

Recently, tightening expectations for nickel ore supply in Indonesia have boosted market sentiment. During the night trading session, the price of Shanghai Nickel surged to the daily limit of ¥147,720 per tonne, driving a sharp rally in stainless steel futures. In the afternoon, the most active stainless steel contract 2603 hit the daily limit at ¥14,025 per tonne.

As the "industrial teeth" of manufacturing, the quality of tool steel directly determines the precision and efficiency of high-end equipment manufacturing. At the end of 2025, with industrial chain adjustments caused by raw material price fluctuations, the implementation of enterprise technological breakthroughs, and the continuous release of high-end downstream demand, China's tool steel industry is bidding farewell to the old model of scale expansion. It is stepping into a new stage of high-quality development through technological innovation, product upgrading and market optimization. It provides solid support for the transformation and upgrading of the manufacturing industry.

At the end of 2025, the steel industry ushered in a highlight period with intensive implementation of multiple technological breakthroughs. China's first 1-million-tonne near-zero-carbon steel production line was put into operation. The world's thinnest "tearable steel" achieved large-scale mass production. Smart factories also gained national recognition. A series of key technological innovations are breaking the inherent label of high energy consumption and high pollution in the traditional steel industry. They are promoting the industry to fully enter a new stage of high-quality development featuring green low carbon, high-end and intelligence. They provide solid support for the construction of a modern industrial system.

At the end of 2025, the selection and release of achievements related to the "Top Ten Technologies in the World Steel Industry 2025" became the focus of the industry. Breakthrough technologies in fields such as low-carbon metallurgy, high-end material R&D, and smart factory construction were included in the list. For example, Ansteel's world's first green electricity and green hydrogen fluidized bed hydrogen metallurgy pilot line was connected. Shougang Cold Rolling was selected as a global "Lighthouse Factory". These technologies have solved the traditional problems of high emissions and high energy consumption in the steel industry. They have also promoted the industry's transformation towards green low-carbon, high-end quality, and intelligent efficiency. They have injected strong momentum into the high-quality development of the global steel industry.

In response to the prominent issue of current "involution-driven" competition, the Central Financial and Economic Affairs Commission has clearly proposed to accelerate the improvement of the capacity regulation mechanism for key industries, strengthen dynamic monitoring and early warning, and strive to standardize the market competition order. This will fundamentally change the competition rules and survival environment of the stainless steel and other industries.

Driven by expectations of favorable macro policies and rising costs across the industrial chain, pipe manufacturers have maintained a price-firming sentiment, leading to a rebound in welded pipe prices after a decline and a stronger market atmosphere. As of the 12th, the mainstream transaction price of 304 welded pipes had increased by 200 yuan/ton from the start of the month to 13,000 yuan/ton. While market participants hold a cautiously optimistic attitude, the weak fundamental demand support remains unchanged, and the game between "strong expectations" and "weak fundamentals" dominates the market trend.

As of this cycle (December 11-18, 2025; the same below), according to Mysteel's statistics, the total weekly molten aluminum consumption for domestic primary aluminum-based semi-finished products reached 547,780 tons, a week-on-week increase of 1,210 tons from the previous period.