[SMM Stainless Steel Flash] US-Canada Trade Talks Collapse, 50% Tariffs on Canadian Steel and Aluminum Remain

Nanjing sold a residential land parcel in Jiangning District, with a planned construction area of 150,784 m², a floor area ratio of 1.6, a starting price of 1.352 billion yuan, and a starting floor price of 8,966 yuan/m². Ultimately, Nanjing Zhuoxue Real Estate Co., Ltd. won the land at the base price of 1.352 billion yuan.

The State Council Information Office held a press conference on the theme "Starting the 15th Five-Year Plan Period" on the 26th, briefing on efforts to fully implement the 15th Five-Year Plan and accelerate the promotion of new-type industrialization. Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, stated that small and medium-sized enterprises are numerous and wide-ranging, affecting not only technological innovation and industry chain resilience but also employment and people's livelihoods. During the 15th Five-Year Plan period, the development of small and medium-sized enterprises faces new situations, opportunities, and challenges. MIIT, together with multiple departments, has jointly formulated the 15th Five-Year Plan for the development of small and medium-sized enterprises, which will be officially released soon.

In July, the production of medium-thickness plate mills, hot strip mills, and cold strip mills of key statistical enterprises all edged up YoY. Production of most major plates declined YoY, among which wind power steel plates and boiler and container plates saw larger declines, while shipbuilding plates saw a larger increase. Product prices, extra-thick plates and medium-thickness plates rose MoM, while prices of other products declined. From January to July, the cumulative production of medium-thickness plate mills and cold strip mills rose YoY, while that of hot strip mills declined YoY. Among major plates, the production of shipbuilding plates and container plates saw a larger increase, while that of boiler and container plates and steel plates for engineering machinery saw a larger decline.