[Local Land Sale Revenue Decreases by About 4.6 Trillion Yuan Over Four Years]

During the "14th Five-Year Plan" period, the steel industry continued to deepen supply-side structural reforms, persistently advanced capacity governance, and achieved a cumulative reduction in production exceeding 100 million mt. Recently, at the 13th Member Congress of the China Iron and Steel Association (CISA), CISA Chairman Zhao Minge made the above statement. He pointed out that during the "15th Five-Year Plan" period, the industry's capacity governance efforts will focus on "controlling increments, optimizing stock, promoting mergers and reorganizations, and facilitating exits," adhering to market-oriented and rule-of-law principles, strictly blocking new capacity additions, smoothing exit channels for outdated capacity......

[Yonggang's 2026 February-1st Phase Ordinary Steel Price Adjustment] Yonggang's 2026 February-1st phase construction steel price adjustment: rebar and wire rod both remained stable; current rebar price is 3,450 yuan/mt, ordinary wire rod is 3,700 yuan/mt, coiled rebar is 3,700 yuan/mt; for the 1st-3rd phase, a supplement of 145 yuan/mt for rebar and 165 yuan/mt for wire rod was issued; the monthly discount interest rates for electronic bank acceptance drafts in this phase were 1.34‰ for Class I and II banks, 1.44‰ for provincial city commercial banks, and 1.64‰ for Class III and IV banks. [SMM Steel]