Recently, Shougang Group’s Tonggang Steelmaking Division made new progress in the production of high-end welded bottle steel HP295, successfully overcoming the challenge of mass-producing an extreme specification with a width of 1,435 millimeters and a thickness of 0.0023 meters. This achievement marks a breakthrough in the company’s process control and capacity for thin-gauge products.

In July 2025, Shougang Group adjusted the prices of some of its steel products based on the "June 2025 Sales Price Policy for Shougang's Steel Products" as follows: 1. The base price of HRC remains unchanged. 2. The base price of pickled sheet and coil remains unchanged. 3. The base price of cold-rolled sheet and coil remains unchanged. 4. The base price of hot-dip galvanized sheet remains unchanged. 5. The base price of galvalume and high-aluminum zinc-aluminum-magnesium sheet and coil remains unchanged. 6. The base price of color-coated sheet remains unchanged. 7. The base price of Chalco's zinc-aluminum-magnesium products remains unchanged. 8. The base price of medium-thickness plates remains unchanged. 9. Electrical steel: The base price of non-oriented electrical steel remains unchanged, and the base price of oriented electrical steel remains unchanged.

[Steel Mill Price Adjustment] Shougang Changzhi's construction steel price adjustment on June 13: Rebar, coiled rebar, and wire rod were uniformly reduced by 30 yuan/mt. The specific price information is as follows: Rebar HRB400E Φ20mm ex-factory base price is 3,030 yuan/mt, with Φ12+200, Φ14+200, Φ16+80, Φ18+30, Φ22/Φ25+50, Φ28/32+150; coiled rebar HRB400E Φ8-10mm ex-factory base price is 3,210 yuan/mt, with Φ6+200, Φ12+100; high-speed wire rod HPB300 Φ8-12mm ex-factory base price is 3,210 yuan/mt, with Φ6+100. [SMM Steel]

[Steel Mill Price Adjustments] On June 6, Shougang Group Changzhi adjusted the prices of its construction steel: rebar prices increased by 20 yuan/mt, while coiled rebar and wire rod prices remained stable. The specific price information is as follows: The ex-mill base price for rebar HRB400E Φ20mm is 3,090 yuan/mt, with additional charges of +200 for Φ12, +200 for Φ14, +80 for Φ16, +30 for Φ18, +50 for Φ22/Φ25, and +150 for Φ28/Φ32. The ex-mill base price for coiled rebar HRB400E Φ8-10mm is 3,290 yuan/mt, with additional charges of +200 for Φ6 and +100 for Φ12. The ex-mill base price for high-speed wire rod HPB300 Φ8-12mm is 3,290 yuan/mt, with an additional charge of +100 for Φ6. [SMM Steel]

In May 2025, SMM reported that the global iron ore shipments totaled 151.62 million mt, up 14.85 million mt MoM, representing an increase of 11% . Among them, the increase from Australia and Brazil was more significant. Shipments from Peru and Malaysia declined notably. By mine, shipments from the four major mines all increased in May, with Vale showing a larger increase. However, shipments from Trafigura, CITIC Pacific, and Shougang Group decreased. In May 2025, SMM reported that China's total iron ore port arrivals reached 110.32 million mt , up 5.81 million mt MoM, representing an increase of approximately 6%. Ports with significant increases included Caofeidian and Jingtang ports. Ports with notable declines included Rizhao Port and Lianyungang Port. On a YoY basis, port arrivals increased slightly. By ore type, By ore type, in May 2025, coarse powder and lump ore arrivals increased, while concentrate and pellet arrivals declined slightly. The market's highly-watched Wujing ore imports declined in May.

First Batch of Special Bonds for Acquiring Existing Commercial Housing Lands Recently, the first batch of special bonds nationwide to support the acquisition of existing housing landed in Zhejiang. The initial funding of 1.653 billion yuan will support the construction of a total of eight affordable housing projects in Huzhou, Wenzhou, and Jiaxing. Industry insiders believe that Zhejiang's promotion of government special bonds to acquire existing commercial housing not only reflects the policy's innovation and foresight but also demonstrates comprehensive support for destocking the real estate market, providing a reference for other regions.

[Steel Mill Price Adjustment] On March 7, Shougang Group Changzhi adjusted construction steel prices: rebar, coiled rebar, and wire rod remained stable.

[Steel Mill Price Adjustment] On March 6, Shougang Group Changzhi adjusted construction steel prices: rebar, coiled rebar, and wire rod decreased by 20 yuan/mt.

[Steel Mill Price Adjustment] On March 5, Shougang Group Changzhi adjusted construction steel prices: rebar, coiled rebar, and wire rod decreased by 20 yuan/mt.

[Steel Mill Price Adjustment] On March 3, Shougang Group Changzhi adjusted construction steel prices: rebar remained stable, while coiled rebar and wire rod increased by 20 yuan/mt.