[Three Consecutive Daily Limit-Up Hforge Intelligent: No Revenue Generated from Nuclear Fusion and PCB Related Businesses]

This week, ferrous metals mostly retreated after rapid rises, with only coking coal and coke standing out, briefly hitting the daily limit up at the open. Early in the week, the market was primarily characterized by coking coal and coke leading the gains across ferrous metals. A coal mine accident occurred in Shanxi over the previous weekend, strengthening market expectations of tighter supply driven by stricter subsequent regulatory oversight and increased production shutdowns at coal mines. Ferrous metals rebounded on cost support. However, some coal mines quickly resumed production afterward, and combined with the prospect of a US-Iran deal being reached, crude oil declines dragged iron ore prices lower, loosening cost support. Most products except coking coal and coke retreated from highs. In the latter half of the week, data on the five major steel products were released, showing continued inventory destocking but marginally weakening apparent demand, with supply-demand pressure rising somewhat. Spot market side, spot prices remained relatively firm this week, with the spot-futures price spreads for both hot-rolled coil and rebar widening, providing shipment opportunities for basis traders, while end-users continued to restock on a need-based, low-price approach...

Haier Smart Home stated on an interactive platform that since 2022, the company had developed a clear strategic pathway over four years and expanded into product categories such as companion and cleaning products. Leveraging data accumulated from 400 million households worldwide, the training ground of over a thousand Sanyiniao stores, the approachable "Haier Brothers" brand image, and full-process supply chain advantages, the company's products are steadily expanding from companion and cleaning products to more complex household task scenarios. In 2026, the company will continue to advance R&D and commercialization of companion, cleaning, and home scenario products.