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August 1st marks China's annual People's Liberation Army (PLA) Day, commemorating the 1927 Nanchang Uprising that laid the foundation for the revolutionary armed forces. This solemn occasion celebrates the military's historic contributions while showcasing its modern transformation into a technologically advanced force safeguarding national sovereignty and global peace.
In July 2024, China's steel sector entered a period of strategic realignment as major producers initiated annual maintenance cycles while accelerating low-carbon transformation. These coordinated operational and environmental adjustments are reshaping production patterns, export strategies, and long-term capacity planning in the world's largest steel market.
China's steel coil market experienced muted demand in July due to seasonal factors and extreme weather, with hot-rolled coil prices hovering between RMB 3,850-3,950/ton. Regional disparities emerged as typhoons disrupted logistics in the east and south, while production cuts supported prices in the north.
China's iron ore imports dropped 3.8% year-on-year in May 2025 to 98.13 million tonnes, with benchmark prices falling below $100/tonne CFR China amid supply constraints and domestic production cuts, while coking coal prices also weakened.