[H1 National Railway Coal Shipments Reach 1.051 Billion mt]

[India] India’s BF-route rebar price fell by around 17 USD/tonne week on week to about 512 USD/tonne, pressured by seasonal construction slowdown, rainfall, project delays and rising distributor inventories. Demand remained need-based, while mill inventories stood at around 10-15 days. Major mills may cut long steel prices amid inventory pressure. In contrast, HRC stayed stable at around 609 USD/tonne, supported by safeguard duties and lower imports.

On July 6, it was learned from the Ministry of Emergency Management that the Office of the Work Safety Committee of the State Council, together with the Political and Legal Affairs Commission of the CPC Central Committee, the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of Public Security, and the Ministry of Justice, recently issued a notice, deploying all regions and relevant departments to earnestly implement the guiding principles of General Secretary Xi Jinping's important instructions on work safety, strictly enforce the spirit of the national work safety video conference, and, in conjunction with the three-year action to address the root causes of work safety and the investigation and rectification of major accident hazards, focus on key industry sectors such as mines, chemical industry, fire protection, and industrial and trade, and deeply carry out the "crackdown on illegal activities and violations" in work safety.

US Steel has selected direct reduction technology developer Midrex to supply a 2.5 million mt/year HDRI/HBI MIDREX® Plant for its new DRI facility at Big River Steel in Osceola, Arkansas, which is expected to start production in 2029. According to Midrex, the project marks a key milestone for the North American steel industry, as it will be the first DRI facility in the US to integrate with EAF steelmaking and be supported by a domestic DRI-grade pellet supply chain.