Group 1: Report Industry Investment Rating - Not provided in the document Group 2: Core View of the Report - The market sentiment has weakened, with supply, demand, and inventory all decreasing. Considering the support from raw material costs, the price of rebar is expected to fluctuate at a low level in the short term [75]. Group 3: Summary According to the Table of Contents 1. Rebar Futures Market Review 1.1 Recent Important Information Overview - Economic and policy information includes a meeting between Chinese and US leaders, resulting in tariff adjustments, suspension of some restrictions, and plans to strengthen cooperation in drug control and expand agricultural trade [7]. - China's central bank data shows that at the end of September, M2, M1, and M0 had different year - on - year growth rates and monthly changes, with net cash injection in the first three quarters [8]. - National Bureau of Statistics data indicates a decline in national fixed - asset investment from January to September, with different trends in infrastructure, real estate development, and related construction and sales indicators [8]. 1.2 Rebar Main Contract Trend - Not elaborated in detail in the provided content 2. Futures Market Environment: Macro, Comparison, Basis 2.2 Macro - Monetary Price - Not elaborated in detail in the provided content 2.4 Comparison - Other Commodities in the Industry Chain - The table shows the prices, weekly, monthly, and annual price changes of rebar, hot - rolled coils, PB powder, metallurgical coke, and coking coal, with different price trends among these commodities [22]. 2.5 Rebar Main Contract Basis - The table presents the basis data (spot - futures) and related prices of the rebar main contract on different dates [23]. 3. Rebar Spot Supply and Demand Overview 3.1 Steel Mill Raw Material Inventory - Not elaborated in detail in the provided content 3.2 Blast Furnace Profits (Various Steel Products) - Not elaborated in detail in the provided content 3.3 Blast Furnace Profits (Spot - Futures) - Not elaborated in detail in the provided content 3.4 Blast Furnace Operation - The blast furnace operating rate of 247 steel enterprises in China was 83.13% on November 7, 2025, up from 81.75% on October 31, 2025 [34]. 3.5 Electric Furnace Profits - Not elaborated in detail in the provided content 3.6 Electric Furnace Operation - Not elaborated in detail in the provided content 3.7 Daily Average Hot Metal Output - Not elaborated in detail in the provided content 3.8 Weekly Steel Output - On November 7, 2025, the output of four types of steel (rebar, hot - rolled coils, wire rods, and medium - thick plates) was 772.9 million tons, with a year - on - year decrease of 0.005762947 and a month - on - month decrease of 0.020802716 [44]. 3.10 Steel Mill Inventory of Steel Products - Not elaborated in detail in the provided content 3.11 Social Inventory of Steel Products - Not elaborated in detail in the provided content 3.13 Social Inventory of Rebar - The table shows the social inventory and its month - on - month changes of rebar on different dates [64]. 3.14 Building Materials Transactions - Not elaborated in detail in the provided content 3.15 Rebar Mill Inventory - The table shows the mill inventory, its month - on - month changes, and social inventory data of rebar on different dates [60]. 3.15 Rebar Total Inventory - The total rebar inventory on November 7, 2025, was 592.54 million tons, with a month - on - month decrease of 9.98 million tons [65]. 3.15 Rebar Apparent Consumption - On November 7, 2025, the apparent consumption of rebar was 218.52 million tons, with a week - on - week decrease of 13.67 million tons [68]. 4. Future Outlook - After the China - US leaders' meeting, there were tariff and policy adjustments. Fundamentally, raw material prices rose, steel mill profits declined, and some mills carried out maintenance, leading to a slight decrease in the output of five major steel products this week. The supply of rebar also contracted [74]. - In terms of demand, the peak consumption season has passed, and the consumption of five major steel products and building materials has decreased. The apparent consumption is at a low level this year, and consumption is under pressure. Due to supply contraction, the total steel inventory has decreased week - on - week, mainly contributed by rebar [75]. - On the raw material side, the supply of imported iron ore is stable, while coal and coke supply is weak due to safety inspections and import impacts, providing price support [75].

Report Industry Investment Rating - No relevant information provided Core Viewpoints - The protein meal market: The night - session of soybean and rapeseed meal showed a strong and volatile trend. The latest export inspection report indicated that the U.S. soybean export inspection volume in the week ending October 16, 2025, was higher than the market - expected range, up 45% from the previous week. Brazil's new - season soybean sowing is progressing orderly. The domestic soybean meal futures are expected to fluctuate in the short term due to poor domestic crushing margins and subdued buying enthusiasm [2]. - The oil market: The night - session of oils showed a weak trend. The MPOA estimated a 10.77% increase in Malaysia's palm oil production from October 1 - 20, and AmSpec data showed a 2.5% month - on - month increase in palm oil exports during the same period. The expected reduction in palm oil production has not materialized, and the expectation of inventory accumulation in October has strengthened. The supply - side expectation of loosening is suppressing the short - term oil market [2]. Summary by Related Catalogs Domestic Futures Market - **Prices and Changes**: The previous day's closing prices of domestic futures for soybean oil, palm oil, rapeseed oil, soybean meal, rapeseed meal, and peanuts were 8234, 9100, 9748, 2932, 2400, and 8844 respectively. The price changes were 40, - 22, - 13, - 1, - 40, and 26, with corresponding percentage changes of 0.49%, - 0.24%, - 3.15%, - 0.03%, - 1.64%, and 0.29% [1]. - **Spreads and Ratios**: The current spreads and ratios of various varieties have changed compared to the previous values, such as the Y9 - 1 spread of soybean oil changing from - 288 to - 290 [1]. International Futures Market - **Prices and Changes**: The previous day's closing prices of international futures for BMD palm oil, CBOT soybeans, CBOT soybean oil, and CBOT soybean meal were 4381 (ringgit/ton), 1084 (cents/bu), 51 (cents/lb), and 298 (dollars/ton) respectively. The price changes were - 20, 42, 0, and 4, with corresponding percentage changes of - 0.45%, 4.01%, 0.76%, and 1.29% [1]. Domestic Spot Market - **Prices and Changes**: The current spot prices of various oils and meals in different regions have different percentage changes. For example, the spot price of Tianjin first - grade soybean oil increased by 0.47%, while the spot price of Dongguan soybean meal decreased by 0.67% [1]. - **Basis**: The current spot basis of various varieties also shows different values, such as the spot basis of Tianjin first - grade soybean oil being 236 [1]. Import and Crushing Profit - The current import and crushing profits of various varieties have changed compared to the previous values. For example, the import and crushing profit of near - month Malaysian palm oil has changed from - 528 to - 417 [1]. Warehouse Receipts - The current warehouse receipts of soybean oil, palm oil, rapeseed oil, soybean meal, rapeseed meal, and peanuts are 27144, 600, 7540, 42382, 4050, and 0 respectively, with some changes compared to the previous values [1]. Industry Information - As of last Thursday, Brazil's 2025/26 soybean sowing rate reached 36% of the expected level, and the sowing area of the first - crop corn in 2025/26 in the central - southern region reached 55% of the planned area [2]. - As of the week ending October 23, 2025, the U.S. soybean export inspection volume was 1061375 tons, down from the previous week [2].

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The overall economic situation shows a complex picture with some indicators improving while others remain weak. For example, GDP growth has a slight decline, but export and import values have increased. The gold market has strong upward momentum, and the bond market is in an interval - shock pattern. The stock market has mixed performance in different regions and sectors [1][5][22][33] - Policy measures are expected to play an important role in stabilizing the economy. The government may introduce new policies to support foreign trade, and the central bank's monetary policy may be adjusted to address low - inflation issues [2][30] 3. Summary by Relevant Catalogs 3.1 Macro Data - GDP growth in Q2 2025 was 5.2% year - on - year, slightly lower than the previous quarter's 5.4% [1] - In September 2025, the manufacturing PMI was 49.8%, up from 49.4% in the previous period; the non - manufacturing PMI for business activities was 50.0%, down from 50.3% [1] - Social financing scale increment in September 2025 was affected by high - base effects, and government bond issuance decreased [28][29] - Export and import values in September 2025 increased year - on - year, with export growth at 8.3% and import growth at 7.4% [1] 3.2 Commodity Investment 3.2.1 Comprehensive - The Ministry of Commerce will introduce new policies to stabilize foreign trade and will optimize the license process for rare - earth export controls [2][16] - The trading fees of some options on the Shanghai Futures Exchange will be adjusted from November 10, 2025 [2] - The China E - commerce Logistics Index in September 2025 reached a new high for the year, with the total business volume index rising [3][18] 3.2.2 Metals - On October 17, 2025, spot gold reached $4380 per ounce, and spot silver hit a record high of $54.4 per ounce. Gold's upward momentum is expected to continue until 2026 [5] - The US may take more actions on rare - earth issues and may increase its stake in rare - earth companies [6] 3.2.3 Coal, Coke, Steel, and Minerals - The China Iron and Steel Association held a symposium to clarify the goal of building a modern steel power by 2030 and proposed relevant measures [7][8] 3.2.4 Energy and Chemicals - The National Development and Reform Commission issued a regulatory measure for the fair opening of oil and gas pipeline network facilities, which will take effect on November 1, 2025 [9] - Russia plans to produce 5.1 billion tons of oil in 2025, a 1% decrease from last year due to OPEC+ agreements [9] - The global oil industry may face a supply shortage in the future, and Saudi Aramco's CEO called for increased investment in exploration and production [9] 3.2.5 Agricultural Products - The summer grain purchase in 2025 ended in September, with a total purchase of 107.95 million tons of wheat. The price of wheat in the main producing areas has been rising steadily since October [13] - The US is discussing soybean processing cooperation with some South American countries and is urging South Korea to increase soybean imports [13][14] 3.3 Financial News 3.3.1 Open Market - On October 16, 2025, the central bank conducted 236 billion yuan of 7 - day reverse repurchase operations, with a net withdrawal of 376 billion yuan due to 612 billion yuan of reverse repurchases maturing [15] 3.3.2 Important News - The Ministry of Commerce responded to multiple hot issues, including Sino - US economic and trade talks and rare - earth export controls [2][16] - The survey of economists shows that most are positive about the stock market in Q4 2025 and expect economic improvement [17] - The VAT invoice data shows that the equipment renewal of enterprises is accelerating, and the new - energy vehicle sales have increased by 30.1% year - on - year [18] 3.3.3 Bond Market - The Chinese bond market is generally strong, with most spot - bond yields declining. The 30 - year treasury bond "25 Super Long Special Treasury Bond 06" has a significant decline in yield [22] - The exchange - traded bond market has mixed performance, and the convertible bond market also shows different trends among different bonds [23] - The yields of European and US bonds mostly declined [26] 3.3.4 Foreign Exchange Market - The on - shore RMB against the US dollar closed at 7.1249 on October 17, 2025, down 11 points from the previous trading day [27] - The US dollar index fell 0.31% in New York trading, and most non - US currencies rose [27] 3.3.5 Research Report Highlights - Banks are facing increasing profit pressure, and investment income is becoming more important. There may be some bond - selling pressure in Q4 [28] - September's financial data reflects weak real - economy demand, and the social financing balance growth rate may decline slightly in Q4 [28][29] - The bond ETF market has developed rapidly, but there is still much room for growth compared with the European and American markets [29] 3.4 Stock Market - On October 17, 2025, the A - share market had a narrow - range shock. The Shanghai Composite Index rose 0.1%, and the Shenzhen Component Index fell 0.25% [33] - The Hong Kong Hang Seng Index fell 0.09%, and the Hang Seng Tech Index fell 1.18%. Southbound funds had a large - scale net purchase [33]

Core Points - Former Japanese Prime Minister Tomiichi Murayama passed away at the age of 101 on the 17th of the local time [1] - Murayama was born on March 3, 1924, in Oita City, first elected to the House of Representatives in 1972, and served as Prime Minister from 1994 until his retirement from politics in 2000 [1] - He was the first sitting Japanese Prime Minister to visit the Marco Polo Bridge and the Museum of the Chinese People's War of Resistance Against Japanese Aggression in May 1995, emphasizing the importance of acknowledging history and promoting Sino-Japanese friendship and lasting peace [1] - On the 50th anniversary of Japan's unconditional surrender in August 1995, Murayama issued the famous "Murayama Statement," acknowledging Japan's past wrongdoings and expressing deep remorse and sincere apologies for the suffering caused to many countries, especially in Asia [1] - In August 2020, on the 25th anniversary of the "Murayama Statement," he reiterated through media that the statement should continue to contribute to reconciliation, peace, and development in Japan, Asia, and the world, highlighting the significance of a long-term friendly relationship between Japan and China [1]

Group 1 - The Chinese Ministry of Commerce maintains an open attitude towards equal consultations based on mutual respect in trade discussions with the United States [1] - U.S. Treasury Secretary Janet Yellen is expected to meet with Chinese Vice Premier He Lifeng before the APEC summit [1] Group 2 - The article does not provide additional relevant content regarding companies or industries [2][3][4][5][6]

Group 1 - The Chinese side maintains an open attitude towards equal consultations based on mutual respect in trade talks with the U.S. [1]

Report Summary 1. Report Industry Investment Rating No information provided in the content. 2. Core View of the Report - The bond market remains volatile, and treasury bond futures may fluctuate in the short - term. 8 - month industrial profit turned positive due to a low base, and some counter - cyclical adjustment policies may be implemented soon. The central bank will maintain ample liquidity, and positive interactions in Sino - US trade relations are beneficial for future trade talks [33]. 3. Summary by Relevant Content Treasury Bond Futures Market - This week, the main contracts of treasury bond futures showed a trend of bottoming out and rebounding. The 30 - year treasury bond fell 0.60%, the 10 - year bond fell 0.07%, the 5 - year bond fell 0.09%, and the 2 - year bond fell 0.02% [4]. - From September 19th to September 26th, the 2 - year and 30 - year treasury bond yields rose by 2 basis points, while the 5 - year and 10 - year yields remained flat [7]. - The logic of the treasury bond futures market is that the overall performance of the Chinese economy in August was lower than expected, and counter - cyclical adjustment policies may be introduced. The significant increase in industrial enterprise profits in August was due to the low base last year. The central bank will maintain liquidity, and Sino - US trade interactions are positive. The short - term trend of treasury bond futures is expected to be volatile, and the trading strategy is to conduct band operations [33][34]. Industrial Enterprise Data - From January to August, the profits of large - scale industrial enterprises increased by 0.9% year - on - year, reversing the downward trend since May. In August, industrial enterprise profits increased by 20.4% year - on - year, compared with a 1.5% decline in July. The increase in August was due to the low base in the same period last year [10]. - From January to August, the operating income of large - scale industrial enterprises was 89.62 trillion yuan, a year - on - year increase of 2.3%. The operating income in August increased by 1.9%, 1.0 percentage point faster than in July [10]. - From January to August, the operating income profit margin of large - scale industrial enterprises was 5.24%, a year - on - year decrease of 0.1 percentage point. Different industries had different profit margins, with the mining industry having a relatively high margin but a decline compared to the previous year [13]. - At the end of August, the asset - liability ratio of large - scale industrial enterprises was 58.0%, a year - on - year increase of 0.4 percentage points. The asset - liability ratio of large - scale manufacturing enterprises was 57.4%, a year - on - year increase of 0.3 percentage points [16]. - At the end of August, the average collection period of accounts receivable of large - scale manufacturing enterprises was 71.2 days, a year - on - year increase of 2.9 days, reaching a new high since 2015 [20]. - From January to August, the cumulative year - on - year growth rate of finished product inventory of large - scale industrial enterprises was 2.3%, showing a downward trend. Both China and the US have been destocking in recent months [23]. Real Estate Market - In the first quarter, the average daily trading area of commercial housing in 30 large - and medium - sized cities was 23.6 million square meters, a year - on - year increase of 2.5%. From April to August, there were year - on - year declines. From September 1st to 25th, the average daily trading area was 22 million square meters, a year - on - year increase of 12% due to the low base last year. The year - on - year data in the fourth quarter will face challenges [26]. Labor Market - In August, the unemployment rate of 16 - 24 - year - old labor force (excluding students) in urban areas was 18.9%, 0.1 percentage point higher than the same period last year. The unemployment rate of 25 - 29 - year - olds was 7.2%, 0.3 percentage point higher than the same period last year. The unemployment rate of 30 - 59 - year - olds was 3.9%, remaining stable compared with the previous month and the same period last year [29]. Capital Market - This week, the overnight funding rate declined. The weighted average of DR001 was 1.41%, compared with 1.46% last week. The average issuance rate of one - year AAA inter - bank certificates of deposit was 1.69%, compared with 1.68% last week. On September 25th, the central bank conducted a 600 - billion - yuan MLF operation, with a net investment of 300 billion yuan after deducting the 300 - billion - yuan maturity, marking the seventh consecutive month of increased roll - over [31].

Group 1: Market and Liquidity - Interest Rates - DRO01 closed at 1.36 with a -0.60 bp change, DR007 at 1.46 with a -2.38 bp change [4] - GC001 closed at 1.37 with a 28.50 bp change, GC007 at 1.46 with a 4.50 bp change [4] - SHBOR 3M closed at 1.55 with no change, LPR 5 - year at 3.50 with no change [4] - 1 - year treasury closed at 1.40 with a 0.07 bp change, 5 - year at 1.61 with a -1.32 bp change [4] - 10 - year treasury closed at 1.86 with a -1.01 bp change, 10 - year US treasury at 4.06 with a 5.00 bp change [4] - Last week, the central bank conducted 1.2645 trillion yuan in reverse repurchase operations, with 1.0684 trillion yuan maturing, resulting in a net injection of 196.1 billion yuan [4] - This week, 1.2645 trillion yuan of reverse repurchases will mature, and 120 billion yuan of treasury cash fixed - deposits will mature on Monday [5] Group 2: Market and Liquidity - Stock Indexes - CSI 300 closed at 4522 with a -0.57% change, IF current month at 4523 with a -0.9% change [6] - SSE 50 closed at 2969 with a -0.49% change, IH current month at 2969 with a -0.7% change [6] - CSI 500 closed at 7148 with a 0.35% change, IC current month at 7140 with a 0.2% change [6] - CSI 1000 closed at 7423 with a 0.31% change, IM current month at 7393 with a 0.1% change [6] - Last week, CSI 300 rose 1.38% to 4522, SSE 50 rose 0.89% to 2968.5, CSI 500 rose 3.38% to 7147.7, and CSI 1000 rose 2.45% to 7422.9 [6] - Last week, in the Shenwan primary industry index, electronics (6.1%), real estate (6%), agriculture, forestry, animal husbandry and fishery (4.8%), media (4.3%), and non - ferrous metals (3.8%) led the gains, while only comprehensive (-1.4%), banking (-0.7%), pharmaceutical biology (-0.4%), and social services (-0.3%) declined [6] - Last week's A - share daily trading volumes were 2.2215 trillion yuan, 1.9424 trillion yuan, 1.8096 trillion yuan, 2.1904 trillion yuan, and 2.2681 trillion yuan, with the average daily trading volume decreasing by 247.39 billion yuan compared to the previous week [6] Group 3: Market and Liquidity - Futures Volume and Open Interest - IF trading volume was 148,623 with a -12.4% change, and open interest was 278,489 with a -1.3% change [6] - IH trading volume was 65,282 with a -8.0% change, and open interest was 100,041 with a -4.2% change [6] - IC trading volume was 175,859 with a -10.2% change, and open interest was 267,758 with a 0.5% change [6] - IM trading volume was 240,836 with a -24.3% change, and open interest was 372,165 with a -4.2% change [6] Group 4: Market and Liquidity - Futures Basis - IF basis for current month was -1.94%, next month was 1.22%, current quarter was 2.10%, and next quarter was 1.90% [8] - IH basis for current month was -0.15%, next month was -0.17%, current quarter was -0.11%, and next quarter was -0.23% [8] - IC basis for current month was 7.91%, next month was 9.06%, current quarter was 8.45%, and next quarter was 8.40% [8] - IM basis for current month was 29.59%, next month was 14.44%, current quarter was 12.77%, and next quarter was 11.82% [8] Group 5: Economic Data and Market Outlook - In August, the new social financing was 2.57 trillion yuan, a year - on - year decrease of 463 billion yuan, and the stock growth rate of social financing dropped to 8.8% [7] - Government bond net financing decreased by 251.9 billion yuan year - on - year, and corporate short - term loans increased by 260 billion yuan year - on - year [7] - Resident short - term loans only increased by 1.05 billion yuan, and M1 year - on - year growth rate rose slightly to 6% [7] - In the coming week, there will be many domestic and international macro events. The Fed will announce its September interest rate decision, and China - US leaders will have talks [7] - Last week, the stock index rose further, with CSI 500 leading the rise in index futures. Market trading volume decreased last week [7] - The strategy is to control risks in index futures positions and mainly adjust for long positions next week [7]

1. Report Industry Investment Rating - No information provided on the industry investment rating 2. Core View of the Report - On Wednesday, the HC2510 contract decreased with reduced positions. Macroscopically, China and the US issued a joint statement, with the US promising to continue adjusting tariff measures on Chinese goods and suspending the implementation of a 24% reciprocal tariff for 90 days starting August 12. In terms of supply and demand, the weekly production of hot-rolled coils decreased, and the capacity utilization rate was 80.44%, still at a relatively high level; inventory increased, and apparent demand declined. Overall, recent supply-side disturbances supported the rebound of steel prices, but as market sentiment subsided, some varieties experienced corrections, and the short - term hot-rolled coil market fluctuated greatly. Technically, the 1 - hour MACD indicator of the HC2510 contract showed that DIFF and DEA were adjusting downward, and the red bars turned green. The recommended operation is short - term trading, paying attention to rhythm and risk control [2] 3. Summary by Related Catalogs 3.1 Futures Market - The closing price of the HC main contract was 3,451 yuan/ton, down 33 yuan; the position volume was 1,353,836 hands, down 27,724 hands; the net position of the top 20 in the HC contract was - 54,820 hands, down 6,310 hands; the HC10 - 1 contract spread was 4 yuan/ton, down 2 yuan; the HC warehouse receipt at the Shanghai Futures Exchange was 79,286 tons, unchanged; the HC2510 - RB2510 contract spread was 229 yuan/ton, up 3 yuan [2] 3.2 Spot Market - The price of 4.75 hot - rolled coils in Hangzhou was 3,540 yuan/ton, down 10 yuan; in Guangzhou and Wuhan, it was 3,500 yuan/ton, unchanged; in Tianjin, it was 3,440 yuan/ton, down 20 yuan. The basis of the HC main contract was 89 yuan/ton, up 23 yuan; the spread between hot - rolled coils and rebar in Hangzhou was 160 yuan/ton, up 30 yuan [2] 3.3 Upstream Situation - The price of 61.5% PB fine ore at Qingdao Port was 789 yuan/wet ton, up 7 yuan; the price of Hebei quasi - first - grade metallurgical coke was 1,535 yuan/ton, unchanged; the price of 6 - 8mm scrap steel in Tangshan was 2,250 yuan/ton, unchanged; the price of Hebei Q235 billet was 3,090 yuan/ton, down 30 yuan. The 45 - port iron ore inventory was 13,712.27 million tons, up 54.37 million tons; the sample coking plant coke inventory was 44.36 million tons, down 1.92 million tons; the sample steel mill coke inventory was 619.30 million tons, down 7.48 million tons; the Hebei billet inventory was 115.36 million tons, up 4.34 million tons [2] 3.4 Industry Situation - The blast furnace operating rate of 247 steel mills was 83.77%, up 0.29%; the blast furnace capacity utilization rate was 90.07%, down 0.15%. The sample steel mill hot - rolled coil production was 314.89 million tons, down 7.90 million tons; the sample steel mill hot - rolled coil capacity utilization rate was 80.44%, down 2.02%. The sample steel mill hot - rolled coil factory inventory was 77.88 million tons, down 1.42 million tons; the 33 - city hot - rolled coil social inventory was 278.75 million tons, up 10.10 million tons. The domestic crude steel production was 8,318 million tons, down 336 million tons; the net steel export volume was 938.40 million tons, up 17.40 million tons [2] 3.5 Downstream Situation - The monthly automobile production was 2.591 million vehicles, down 0.2031 million vehicles; the monthly automobile sales were 2.593 million vehicles, down 0.3115 million vehicles. The monthly air - conditioner production was 28.3831 million units, down 1.0969 million units; the monthly household refrigerator production was 9.0474 million units, up 0.5374 million units; the monthly household washing machine production was 9.5079 million units, up 0.0959 million units [2] 3.6 Industry News - The Ministry of Finance, the People's Bank of China, and the State Administration of Financial Supervision formulated the Implementation Plan for the Fiscal Interest Subsidy Policy for Personal Consumption Loans, and state - owned banks followed up. On August 8, 2025, the Australian Anti - Dumping Commission postponed the release of the basic fact report and final - ruling recommendation for the anti - dumping sunset review of steel reinforcing bars imported from China, and was expected to complete the basic fact report by December 10, 2025, and submit the final - ruling report to the Australian Minister of Industry and Science by February 9, 2026 [2] 3.7 Key Focus - The weekly production, in - plant inventory, and social inventory of hot - rolled coils on Thursday [2]

Core Viewpoint - The State Council Information Office will hold a press conference on August 13, 2025, to discuss personal consumption loan interest subsidy policies and service industry loan interest subsidy policies, featuring officials from the Ministry of Finance, Ministry of Commerce, People's Bank of China, and financial regulatory authorities [1]. Group 1 - The press conference aims to provide insights into the personal consumption loan interest subsidy policy [1]. - The event will also cover the loan interest subsidy policy for service industry entities [1]. - Key officials from relevant government departments will be present to answer questions from the media [1].