[Panhua Group and Nanjing Steel reached strategic cooperation]

[SMM Steel] Market feedback indicates that currently the FOB selling price for SAE1006 slabs is $475/mt, with the loading port being Jingtang Port and the destination country being the Middle East.

[SMM Coking Coal and Coke Daily Brief] News-wise, mainstream steel mills in Hebei and Shandong regions accepted a 50 yuan/mt increase for wet-quenched coke and a 55 yuan/mt increase for dry-quenched coke, effective from 0:00 on July 1, 2026. Supply side, the ninth round of coke price increases was implemented, with most coke producers turning a profit and maintaining moderate operating rates. Coupled with active selling by coke enterprises, their own coke inventory was kept within a reasonable range. Demand side, hot metal production at steel mills is expected to decline, weakening rigid demand for coke. In addition, meager steel mill profits limit their ability to absorb further price hikes. In summary, recent weakness in steel prices has led to a slight pullback in market sentiment. In the short term, the coke market is likely to remain generally stable with a slight upward bias.

[Sheets & Plates] Today, hot-rolled coil prices dropped by $2-3/mt. Except for medium-thickness plates, export prices of other sheets & plates also fell by $2-3/mt day-on-day, with transaction prices for hot-rolled coil at $488-497/mt. Market feedback indicates that exports of medium-thickness plates have been good recently and prices are relatively firm. Today, domestic futures broke below support levels, and the market inquiry sentiment was extremely bleak, with a wait-and-see approach prevailing.