[SMM survey: With "support" from 100-yuan profit per tonne of steel, impact from maintenance of building materials may continue to decline] According to the SMM survey, the impact from maintenance of building materials declined slightly this week (6.28-7.4). Both last week and this week saw steel mills resume production of building material rolling lines after maintenance, resulting in an impact from maintenance of 1.2642 million mt of building materials this week, down 4,700 mt WoW.

[SMM survey: Rolling lines in Central China continue the trend of rising rebar and falling wire rod, with capacity utilization rate remaining low] During the survey period (June 24 - June 30), the operating rate of rebar rolling lines in steel mills in the Central China region remained stable, while the capacity utilization rate increased; the capacity utilization rate of wire rod rolling lines decreased.

By the end of 2024, China's actual installed capacity for primary silicon metal production was 8.5 million mt/year, with a production volume of 4.72 million mt/year. The capacity for polysilicon production was 2.87 million mt/year, with a production volume of 1.84 million mt/year. The capacity for wafer production was 1,170 GW/year, with a production volume of 718 GW/year. China's share of global capacity in these areas exceeded 85%, 94%, and 97% respectively. Among them, the production share of silicon metal and polysilicon increased by 14.6 percentage points and 18.8 percentage points respectively compared to 2020, while the production volume of wafers increased 3.5 times compared to 2020. The top two silicon metal enterprises, the top seven polysilicon enterprises, and the top ten monocrystalline silicon enterprises in terms of global capacity are all rooted in China. Moreover, key enterprises have invested and made arrangements in Southeast Asia, the Middle East, and other regions, forming a new development pattern of "Chinese technology + global layout.