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China National Nuclear Corporation learned that the world's first commercial supercritical carbon dioxide power generation unit was successfully commercialized, which means that for the first time in the world, supercritical carbon dioxide power generation technology has been pushed from the laboratory to commercial implementation.

1. Crude steel, pig iron, steel products

Data from the National Bureau of Statistics show that in November 2025, China's crude steel output was 69.87 million tons, a year-on-year decrease of 10.9%; pig iron output was 62.34 million tons, a year-on-year decrease of 8.7%; steel output was 115.91 million tons, a year-on-year decrease of 2.6%.

China Molybdenum Corporation (CMOC Group) announced on December 15 that, with the approval of the company's board of directors, it will acquire 100% equity in three gold mine assets of Canadian mining company Equinox Gold (TSX: EQX, NYSE-A: EQX) in Brazil, including the Aurizona Gold Mine, RDM Gold Mine and Bahia Complex (collectively referred to as the "Brazilian Business Assets") for a total consideration of US$1.015 billion.

excavator According to statistics from the China Construction Machinery Industry Association on major excavator manufacturing companies, 20,027 excavators of various types were sold in November 2025, a year-on-year increase of 13.9%. 

More info: https://www.sinosteel-pipe.com/en/sales-volume-of-excavators-and-loaders-in-china-from-january-to-november-2025.html

Recently, affected by factors such as the rapid depreciation of the Japanese yen, global foreign exchange market volatility has intensified. In this process, the trend of the RMB against the US dollar has been stable but relatively strong. On the 25th, the spot exchange rates of offshore and onshore RMB against the U.S. dollar both rose above 7.09, hitting a new high in more than a year.

On November 18, 2025, the National Bureau of Statistics of China released unemployment rate data by age group in October. In October, the unemployment rate of the labor force aged 16 to 24 in urban areas nationwide was 17.3%, the unemployment rate of the labor force aged 25 to 29, excluding students in school, was 7.2%, and the unemployment rate of the labor force aged 30 to 59, excluding students in school, was 3.8%.

On October 27, the Stainless Steel Branch of the China Iron and Steel Industry Association released statistical data on China's stainless steel production, import and export volume, and apparent consumption from January to September 2025. The details are as follows:

1. China’s stainless steel crude steel output

China's stainless steel crude steel output from January to September 2025 was 30.4618 million tons, an increase of 1.3869 million tons or 4.77% compared with the same period in 2024.

More info: https://www.sinosteel-pipe.com/en/article-5658819614381912.html