Zhuye Group disclosed its semi-annual report for 2026. In the first half of the year, net profit attributable to the parent company was 1.948 billion yuan, up 232.75% year on year. Total operating revenue for the same period was 14.15 billion yuan, up 35.91% year on year. Non-recurring net profit was 1.952 billion yuan, up 228.60% year on year. Net cash flow from operating activities was 2.272 billion yuan, up 108.69% year on year. Basic earnings per share during the reporting period were 1.8 yuan, and the weighted average return on equity was 39.52%, up 21.95 percentage points year on year. The company's main businesses are mining and zinc smelting.
HomePro Partners with Tata Tiscon to Sell Low-Carbon Steel Bars at MegaHome Nationwide
Home Product Center Public Company Limited, or HMPRO, has announced a partnership with Tata Tiscon to bring EF steel bars, a low-carbon steel bar produced using electric arc furnace technology from 100% recycled scrap steel, to MegaHome stores nationwide. Part of the scrap steel comes from HomePro customers' electrical appliances through the Trade Old for a New World program. Mr. Theerapong Samphan, Assistant Managing Director of the Construction Procurement Group at HomePro, said that offering EF steel bars this time helps technicians, contractors, and consumers access low-carbon construction materials more easily at an affordable price. Mr. Chaichalerm Bunyanuwat, Senior Assistant Managing Director of Marketing and Sales at Tata Steel (Thailand) Public Company Limited, said the project shows that the circular economy can truly happen in everyday life, when scrap metal from products consumers no longer use returns to the production process through Tata Steel Thailand's EAF technology and is turned back into standard-quality steel bars sold again through MegaHome. Using one ton of steel bars produced with an EAF furnace reduces carbon dioxide emissions by the equivalent of planting more than 180 trees, and cuts carbon dioxide emissions by about three to four times compared with the BF-BOF steelmaking process. The products carry verifiable environmental information, including EPD, CFP, and the Green Label. Tata Tiscon's product range also includes SD50 high-strength steel bars, which help reduce the amount of reinforcement steel used by up to 20%, and CUT & BEND prefabricated cut-and-bent steel, which helps reduce steel waste at job sites by 10-15%. Tata Tiscon EF steel bars are available today at MegaHome stores nationwide.
REBAR · Demand · Positive Tata Tiscon steel bars, including rebar-type products, are being sold through MegaHome nationwide, expanding retail demand for steel bars.
Mexico Pushes US to Cut Tariffs on Steel, Aluminum and Autos
Mexican Economy Minister Marcelo Ebrard said Mexico is pressing the United States to reduce import tariffs on steel, aluminum and automobiles, as trade negotiations between the two countries continue. Ebrard said that although trade relations between the two countries have made progress and he has spoken with US Trade Representative Jamieson Greer almost daily, talks to lower the tariffs the US collects under Section 232 of the US Trade Expansion Act have not yet reached a conclusion. Currently, the US imposes a 25% tariff on imports of passenger cars and light trucks, with qualifying vehicles from Mexico taxed only on the value of parts produced outside the United States. As for the 50% tariffs on steel and aluminum from Mexico set by the government of President Donald Trump, the two countries are negotiating to reduce or eliminate them. Ebrard said Mexico must also monitor additional trade measures from the US government, especially those related to the problem of excess capacity, and noted that the Section 301 tariff issue stemming from excess capacity was not raised at Thursday's meeting between the two countries, with Mexico awaiting a decision from the United States. Ebrard stressed that preserving Mexico's standing in the US market remains the top priority, with official data showing that the United States was the destination for about 85% of Mexico's non-oil exports in the first eight months of this year.
ALUMINUM · Tariff · Positive Mexico is negotiating to cut or eliminate the 50% US Section 232 tariffs on aluminum from Mexico, a positive for aluminum trade.
STEEL · Tariff · Positive Mexico is pressing the US to reduce or eliminate the 50% Section 232 tariffs on steel from Mexico, which would support US HRC steel trade flows.
Algoma Steel Guides for 65% Drop in Q3 Shipments After Turbine Outage
Algoma Steel warned it expects Q3 steel shipments of roughly 145K tons, down from more than 419K tons a year earlier, after a turbine outage at its Lake Superior Power generating facility in Ontario constrained production. The Canadian producer guided for adjusted EBITDA of negative $10M to negative $20M, a figure that includes a $50M-$55M benefit from an expected capacity utilization adjustment. The turbine has since been replaced and is operating at full power, the company said. CFO Michael Moraca said the outage temporarily constrained electric arc furnace production and was expected to affect shipment volumes, adding that third-quarter results reflect those impacts, including lower shipment volumes and a less favorable sales mix. Shares fell 2.4% post-market Thursday following the guidance.
ASTL · Supply · Negative Turbine outage at its Lake Superior Power facility constrained electric arc furnace production, cutting Q3 shipments to ~145K tons from 419K and guiding to negative EBITDA.
BofA Raises Copper Forecast 20% to $12,000, Names Top Mining Picks
BofA Securities raised its long-term copper price forecast by 20% to $12,000 per ton for 2026 and updated its mining sector rankings, upgrading BHP to Buy with a price objective of A$68 and naming the world's largest copper producer its top pick among large-cap mining stocks. Glencore was rated Buy with a price objective of GBp650, with BofA highlighting its copper growth options and monitoring a potential Australian listing for the diversified miner. Norsk Hydro received a Buy rating with a price objective of NOK98, which BofA described as offering interesting risk-reward characteristics for the pure-play aluminum company. Antofagasta maintained its Buy rating with a price objective of GBp4700, with the bank noting roughly 30% volume growth potential. BofA also trimmed its 2027 aluminum forecast by 5% to $3,625 per ton, and cautioned that investors should be prepared for potential drawdowns of 10% to 20%, noting that during China's super cycle from 2002 to 2008 markets experienced multiple corrections despite overall upward trends.
BHP.LSE · Capital · Positive BofA upgraded BHP to Buy with an A$68 price objective and named it top pick among large-cap miners.
0Q11.LSE · Capital · Positive BofA initiated a Buy rating on Norsk Hydro with a NOK98 price objective, citing attractive risk-reward for the pure-play aluminum company.
ANTO.LSE · Capital · Positive BofA maintained its Buy rating on Antofagasta with a GBp4700 price objective, noting roughly 30% volume growth potential.
GLEN.LSE · Capital · Positive BofA rated Glencore Buy with a GBp650 price objective, highlighting its copper growth options.
Oceanic Iron Ore Corp. Begins Trading on OTCQX Best Market
Oceanic Iron Ore Corp. has qualified to trade on the OTCQX Best Market, upgrading from the Pink Limited Market and beginning trading today under the symbol FEOVF. The mineral resource company, which is also listed on the TSX-V under the symbol FEO, is focused on developing its Ungava Bay iron ore properties in Nunavik, Québec, comprising three project areas — Hopes Advance, Morgan Lake and Roberts Lake — with the lead asset being Hopes Advance. The three properties cover over 300 kilometres of iron formation and are located within 20 to 50 km of tidewater. OTC Markets Group Inc., which operates regulated markets for trading 12,000 U.S. and international securities, said upgrading to OTCQX is an important step for companies seeking to provide transparent trading for their U.S. investors, and that qualifying companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Trading in non-U.S. North American securities on OTC Markets reached $23.4 billion in the second quarter of 2026, an 88.25% increase over Q2 2025, while OTC Markets recorded $453.34 billion in total dollar volume in the first half of the year, with Canada ranking among the top home markets by trading volume during the quarter.
Oceanic Iron Ore Corp. · Regulation · Positive Oceanic Iron Ore qualified to upgrade from Pink Limited to the OTCQX Best Market, improving U.S. trading transparency
OTC Markets Group Inc · Demand · Positive OTC Markets Group operates the OTCQX market where Oceanic Iron Ore begins trading, and its OTC trading volumes surged 88.25% in Q2 2026
ATI Raises 2026 Adjusted Free Cash Flow Guidance to US$550–US$600 Million
ATI Inc. has raised its adjusted free cash flow guidance for 2026 to US$550–US$600 million, citing higher adjusted EBITDA and stronger operating performance. The company attributed the increase to robust aerospace and defense demand, pricing gains, and targeted investments. The higher outlook points to improved cash conversion, ongoing buybacks, and a more flexible balance sheet, while also raising the stakes on execution against higher EBITDA and operating performance targets. Five Simply Wall St community fair value estimates for ATI span roughly US$165.85 to US$275.
ATI · Capital · Positive ATI raised its 2026 adjusted free cash flow guidance to $550–$600M on higher adjusted EBITDA and stronger operating performance.
ATI · Demand · Positive The raised outlook is attributed to robust aerospace and defense demand for ATI's products.