Core Insights - The domestic steel price index in China showed a slight increase during the week of June 30 to July 4, with both long and flat steel price indices rising, and the long steel price index experiencing a greater increase [1] Price Index Summary - The China Steel Price Index (CSPI) reached 90.53 points, up 1.02 points week-on-week, representing a 1.14% increase; however, it decreased by 6.94 points or 7.12% compared to the end of last year, and by 13.01 points or 12.57% year-on-year [1] - The long steel price index was at 92.60 points, with a week-on-week increase of 1.32 points (1.45%); it fell by 7.62 points (7.60%) from the end of last year and by 13.36 points (12.61%) year-on-year [1] - The flat steel price index stood at 88.70 points, increasing by 0.94 points (1.07%) week-on-week; it decreased by 6.85 points (7.17%) from the end of last year and by 13.12 points (12.89%) year-on-year [1] Regional Price Index Summary - All six major regions in China saw a week-on-week increase in steel price indices, with the Northwest region showing the largest increase and the Central South region the smallest [2] - The North China steel price index was 89.47 points, up 0.97 points (1.09%) week-on-week, but down 13.60 points (13.19%) year-on-year [2] - The Northeast region's index was 89.19 points, up 0.91 points (1.03%) week-on-week, with a year-on-year decrease of 13.49 points (13.14%) [2] - The East China index was 91.22 points, up 1.19 points (1.32%) week-on-week, down 12.97 points (12.45%) year-on-year [2] - The Central South index was 92.08 points, up 0.84 points (0.93%) week-on-week, with a year-on-year decrease of 13.28 points (12.60%) [2] - The Southwest index was 91.05 points, up 0.97 points (1.08%) week-on-week, down 11.78 points (11.46%) year-on-year [2] - The Northwest index was 91.39 points, up 1.24 points (1.37%) week-on-week, down 13.70 points (13.04%) year-on-year [2] Price Changes by Product - Compared to the end of May, prices for all eight major steel products increased, with rebar showing the largest increase and hot-rolled seamless pipes the smallest [3] - The price of 6mm high wire was 3295 CNY/ton, up 52 CNY/ton (1.60%) from the end of May [3] - The price of 16mm rebar was 3100 CNY/ton, up 49 CNY/ton (1.61%) from the end of May [3] - The price of 5 angle steel was 3298 CNY/ton, up 35 CNY/ton (1.07%) from the end of May [3] - The price of 20mm medium-thick plate was 3417 CNY/ton, up 15 CNY/ton (0.44%) from the end of May [3] - The price of 3mm hot-rolled coil was 3303 CNY/ton, up 47 CNY/ton (1.44%) from the end of May [3] - The price of 1mm cold-rolled sheet was 3747 CNY/ton, up 26 CNY/ton (0.70%) from the end of May [3] - The price of 1mm galvanized sheet was 4168 CNY/ton, up 43 CNY/ton (1.04%) from the end of May [3] - The price of 219mm×10mm hot-rolled seamless pipe was 4240 CNY/ton, up 11 CNY/ton (0.26%) from the end of May [3] Cost Analysis - In May, the average import price of iron ore was 96.24 USD/ton, down 1.86 USD/ton (1.90%) month-on-month [4] - The domestic iron concentrate price was 839 CNY/ton, down 4 CNY/ton (0.47%) from the end of May [4] - The price of coking coal was 1175 CNY/ton, down 14 CNY/ton (1.18%) from the end of May [4] - The price of coke was 1162 CNY/ton, down 5 CNY/ton (0.43%) from the end of May [4] - The price of scrap steel remained stable at 2337 CNY/ton, unchanged from the end of May [4] International Market Overview - In June, the CRU international steel price index was 188.1 points, down 7.0 points (3.6%) month-on-month [5] - The CRU long steel price index was 194.2 points, down 1.4 points (0.7%) month-on-month [5] - The CRU flat steel price index was 184.8 points, down 10.1 points (5.2%) month-on-month [5] - The North American steel price index was 235.1 points, down 9.9 points (4.0%) month-on-month [5] - The European steel price index was 212.9 points, down 10.1 points (4.5%) month-on-month [5] - The Asian steel price index was 146.7 points, down 3.7 points (2.5%) month-on-month [5] Market Outlook - The Chinese steel price index is currently showing a strong performance, rebounding above 90 points; however, the market is in a low-demand season, making a fundamental shift in demand unlikely in the short term [6] - Steel production has slightly decreased, and spot prices for major products have risen, while raw material prices continue to decline slightly [6] - Overall, steel prices are expected to remain volatile in the short term due to seasonal demand factors [6]

Core Insights - The domestic steel price index in China experienced a slight increase during the week of May 12 to May 16, with both long and flat steel price indices rising [1][6] - The overall China Steel Price Index (CSPI) reached 93.45 points, reflecting a week-on-week increase of 0.69% and a year-on-year decrease of 12.04% [1][6] Price Index Summary - The long steel price index stood at 95.67 points, with a week-on-week increase of 0.77% and a year-on-year decrease of 12.73% [1] - The flat steel price index was at 91.60 points, showing a week-on-week increase of 0.68% and a year-on-year decrease of 11.90% [1] Regional Price Trends - All six major regions in China saw an increase in steel price indices, with the Central South region experiencing the highest growth [2] - The North China region's steel price index was 92.64 points, up 0.29% week-on-week, while the Northeast region had the smallest increase at 0.02% [2] Price Variation by Steel Type - Among eight major steel varieties, prices varied, with the price of 6mm high-line steel increasing by 0.68% to 3403 CNY/ton [3] - The price of 1mm cold-rolled sheet decreased by 2.42% to 3950 CNY/ton, while the price of 1mm galvanized sheet remained unchanged [3] Cost Factors - The average import price of iron ore in April was 98.10 USD/ton, down 0.41% month-on-month and down 13.28% year-on-year [4] - Domestic iron concentrate prices were 889 CNY/ton, showing a slight decrease of 0.22% from the previous month [4] International Market Overview - The CRU international steel price index rose by 0.7% in April, with a year-on-year increase of 10.5% [5] - The North American steel price index increased by 1.7% month-on-month, while the Asian steel price index decreased by 0.8% [5] Market Outlook - The recent easing of trade tensions between China and the U.S. has stimulated some terminal demand, contributing to a slight rise in steel prices [6] - The domestic steel market is expected to experience a strong fluctuation in the short term due to various incremental policy measures [6]