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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.
China's steel prices extended declines in May 2025 with rebar and HRC both falling 2.9% month-on-month, reflecting weak construction and manufacturing demand, while premium steel products demonstrated relative stability.
China's steel industry enters the traditional June demand lull with daily crude steel output expected to stabilize around 2.7 million tonnes, keeping prices under pressure, though potential infrastructure stimulus could provide late-quarter support.