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On October 15, the British Foreign Office announced a new round of sanctions against Russia, including 11 Chinese companies. This decision quickly drew a response from China. A spokesperson for the Chinese Ministry of Commerce stated on October 27 that the UK's actions constituted unilateral sanctions without any basis in international law or UN authorization, negatively impacting Sino-British economic and trade relations. China urged the UK to immediately correct its erroneous actions, prioritizing the overall interests of Sino-British economic and trade cooperation. "China will resolutely safeguard the legitimate rights and interests of Chinese enterprises."The UK Foreign Office's announcement on October 15 of a new round of sanctions against Russia, including the inclusion of 11 Chinese companies on the sanctions list, represents a significant number of Chinese companies targeted in recent British sanctions. The spokesperson for the Chinese Ministry of Commerce officially responded on October 27, clearly stating that "China firmly opposes the UK's listing of 11 Chinese companies under the pretext of Russia," emphasizing that on the Ukraine crisis, China has consistently and strictly controlled the export of dual-use items in accordance with laws and regulations. Normal exchanges and cooperation between Chinese and Russian enterprises should not be interfered with or affected. China pointed out that the UK's move "disregards the good development momentum of China-UK economic and trade relations" and may have a negative impact on bilateral economic and trade relations.

Sino-US trade relations are showing signs of easing, with the leaders of both countries planning to meet during the APEC summit, sending a positive signal. Domestically, industrial enterprise profits continued to grow in September. The central bank reiterated its supportive monetary policy and resumed treasury bond trading, leading to market expectations of a looser liquidity environment.With improved macroeconomic expectations and rush-to-finish demand in some regions, market prices are steadily rising. Spot prices are expected to remain stable today, with some markets seeing slight increases of 0-10 yuan.Raw Material Trend Analysis[Coking Coke and Coal] Prices saw some increases yesterday. The second round of price increases for coke has largely been implemented, but steel mills' profit margins have narrowed, dampening their enthusiasm for replenishing raw materials. Coking coal prices remain relatively firm, putting coking plants on the brink of profitability. Coking coal and coke prices are expected to remain stable today, with some prices showing strength.[Billets] Prices remained stable yesterday, with some seeing slight increases. The mainstream spot price of billets closed at 3,030-3,040 yuan/ton, with most prices remaining stable and trading volume moderate, indicating low market activity. Most steel profile prices rose by 10 yuan, with shipments of low-priced resources still strong and overall transaction volume average. Traders remain cautious in purchasing, and billet prices are expected to remain generally stable today, with some prices seeing a slight increase.[Iron Ore] Prices fell yesterday. While shipments from Australia and Brazil have recently increased, port arrivals have decreased month-over-month, and port inventories continue to accumulate. While molten iron production has declined slightly, average daily transaction volume this month has increased month-over-month, leading to a strong wait-and-see market sentiment. Given that molten iron production remains relatively high, steel mills' demand for raw materials remains resilient. Iron ore prices are expected to fluctuate today, with some markets experiencing a slight rebound.[Scrap] Prices rose in some markets yesterday. Scrap inventories at major steel mills nationwide increased slightly, daily consumption decreased slightly, and arrivals increased slightly. Currently, steel mills continue to need to replenish their inventory, with scrap bases and mill inventories remaining low. Market resources are tight. Combined with finished product transactions and policy expectations, scrap prices continue to follow finished product trends. Prices are expected to remain generally stable today, with some markets experiencing a slight increase.

In the demanding world of construction, the integrity of your shoring system is non-negotiable. That's why our adjustable steel props are engineered to be the most reliable component in your scaffolding structure.We utilize high-grade Q235 carbon steel, ensuring each prop possesses the inherent strength needed for heavy-duty applications. Our advanced hot-dipped galvanizing process provides a thick, uniform zinc coating that effectively fights rust and corrosion, significantly extending the product's lifespan even in harsh outdoor environments. The innovative screw jack design allows for precise and easy height adjustments, guaranteeing a perfect fit and enhanced safety on site.Our product range is versatile, designed to serve critical functions across various sectors:· Building Construction: Essential for supporting formwork during the casting of slabs and beams.· Tunnel & Bridge Projects: Providing robust temporary support during excavation and construction phases.· Renovation & Repair Work: Offering reliable shoring solutions for structural maintenance.As your direct factory source, we combine stringent quality control with cost-effective manufacturing. We hold relevant international certifications and offer flexible OEM services, including custom branding and packaging. Our team is committed to providing not just a product, but a comprehensive support solution, ensuring your projects are built on a foundation of trust and excellence.Choose us for durability, safety, and value. Let's build the future, together!

In the demanding world of construction, the integrity of your shoring system is non-negotiable. That's why our adjustable steel props are engineered to be the most reliable component in your scaffolding structure.We utilize high-grade Q235 carbon steel, ensuring each prop possesses the inherent strength needed for heavy-duty applications. Our advanced hot-dipped galvanizing process provides a thick, uniform zinc coating that effectively fights rust and corrosion, significantly extending the product's lifespan even in harsh outdoor environments. The innovative screw jack design allows for precise and easy height adjustments, guaranteeing a perfect fit and enhanced safety on site.Our product range is versatile, designed to serve critical functions across various sectors:· Building Construction: Essential for supporting formwork during the casting of slabs and beams.· Tunnel & Bridge Projects: Providing robust temporary support during excavation and construction phases.· Renovation & Repair Work: Offering reliable shoring solutions for structural maintenance.As your direct factory source, we combine stringent quality control with cost-effective manufacturing. We hold relevant international certifications and offer flexible OEM services, including custom branding and packaging. Our team is committed to providing not just a product, but a comprehensive support solution, ensuring your projects are built on a foundation of trust and excellence.Choose us for durability, safety, and value. Let's build the future, together!