Core Insights - In May, the procurement costs of most primary raw materials for enterprises decreased month-on-month, except for metallurgical coke, domestic pellets, and imported pellets, which saw slight increases [1] Group 1: Procurement Cost Changes - Coking coal procurement cost decreased by 0.91% month-on-month, with an average cost of 1227.16 CNY/ton in May, and a year-on-year decrease of 32.26% [2] - Injection coal procurement cost decreased by 2.94% month-on-month, with an average cost of 903.47 CNY/ton in May, and a year-on-year decrease of 13.76% [3] - Metallurgical coke procurement cost increased by 0.96% month-on-month, with an average cost of 1474.85 CNY/ton in May, but a year-on-year decrease of 28.53% [4] - Domestic iron concentrate procurement cost decreased by 0.05% month-on-month, with an average cost of 762.98 CNY/ton in May, and a year-on-year decrease of 14.35% [5] - Imported powder ore procurement cost decreased by 1.59% month-on-month, with an average cost of 750.01 CNY/ton in May, and a year-on-year decrease of 15.66% [6] - Scrap steel procurement cost decreased by 0.60% month-on-month, with an average cost of 2158.02 CNY/ton in May, and a year-on-year decrease of 14.46% [8] - Silicon manganese alloy procurement cost decreased by 3.59% month-on-month, with an average cost of 5265.77 CNY/ton in May, and a year-on-year decrease of 5.09% [9] - Manganese alloy procurement cost decreased by 3.17% month-on-month, with an average cost of 6236.93 CNY/ton in May, but a year-on-year increase of 0.69% [10] Group 2: Comparative Analysis - The lowest five enterprises for coking coal procurement had an average cost of 1057.82 CNY/ton, which is 19.09% lower than the average procurement cost [2] - The lowest five enterprises for injection coal procurement had an average cost of 739.41 CNY/ton, which is 24.49% lower than the average procurement cost [3] - The lowest five enterprises for metallurgical coke procurement had an average cost of 1339.75 CNY/ton, which is 13.35% lower than the average procurement cost [4] - The lowest five enterprises for domestic iron concentrate procurement had an average cost of 659.26 CNY/ton, which is 14.95% lower than the average procurement cost [5] - The lowest five enterprises for imported powder ore procurement had an average cost of 723.08 CNY/ton, which is 7.57% lower than the average procurement cost [6] - The lowest five enterprises for scrap steel procurement had an average cost of 1924.10 CNY/ton, which is 12.49% lower than the average procurement cost [8] - The lowest five enterprises for silicon manganese alloy procurement had an average cost of 5248.31 CNY/ton, which is 5.13% lower than the average procurement cost [9] - The lowest five enterprises for manganese alloy procurement had an average cost of 4872.49 CNY/ton, which is 25.59% lower than the average procurement cost [10]