【SMM Steel】UK unveils steel strategy to boost green production, expand scrap use & strengthen trade protections

[Domestic Iron Ore Brief] Domestic iron ore concentrates market prices edged up this week. By region, prices in Tangshan, Qian'an, and Qianxi in Hebei edged up by 1-5 yuan; prices in Chaoyang, Beipiao, and Jianping in western Liaoning were basically flat; prices in east China rose by 10-15 yuan/mt.

[SMM Coking Coal and Coke Daily Brief] In terms of supply, coke producers maintained stable production, with solid cost support for coke. Additionally, coke producers saw relatively smooth shipments, and their own coke inventory showed a declining trend. Demand side, steel mills had certain rigid restocking demand for coke, but hot metal production pulled back slightly. Moreover, the steel market performed weakly, steel mill profitability was mediocre, and buyers became more cautious in coke procurement, with cases of controlling deliveries. In summary, coke fundamentals remained in a tight balance, and cost support for coke persisted. Coke market is expected to hold up well and remain generally stable with slight rise after the holiday.