[SMM Steel] Hoa Phat commissions new steel pipe plant in Tay Ninh, boosting capacity to 1.2 mtpa

According to the latest production schedule report for the three major white goods released by ChinaIOL, the total scheduled production of air conditioners, refrigerators, and washing machines in July 2026 is 29.17 million units, down 7.1% compared to actual production in the same period last year. By product, household air conditioner scheduled production is 13.95 million units (down 13.4% YoY), refrigerator scheduled production is 7.93 million units (up 0.8% YoY), and washing machine scheduled production is 7.29 million units (down 1.7% YoY).

[Flat Products] HRC Holds Steady While Other Flat Products Edge Lower on Exports Today HRC export prices held broadly steady while other flat-product export prices edged lower day on day, with HRC concluded at 491-500 USD/tonne. With the Strait of Hormuz situation fluctuating, fresh inquiries for HRC, heavy plate and other products emerged from that region this week, but sellers report actual deals remain limited. Separately, about 10000 tonnes of Q195 HRC for re-export was sold to Vietnam recently at 500-503 USD/tonne CFR.

Today, the DCE iron ore futures trended strong today, pulling back slightly near the close. The most-traded I2609 contract closed at 748 yuan/mt, up 0.81% from the previous trading session.