[Shenzhen New and Second-Hand Home Sales Exceeded 10,000 Units in May]

The Indonesian government further strengthened natural resource export controls. Starting from June 1, exports of three categories of strategic resource commodities—palm oil, coal, and ferroalloys—will be managed uniformly through a government-designated state-owned enterprise. Indonesia's Coordinating Minister for Economic Affairs Airlangga stated at a press conference held on May 31 that the government established PT Indonesia Danantara Resources as the sole exporter of strategic natural resource commodities, aiming to strengthen national export supervision and governance through a "single window" mechanism.

Recently, in the Sokhna Industrial Park within Egypt's Suez Canal Economic Zone, a steel column weighing dozens of metric tons was precisely positioned and steadily set in place amid scorching heat waves. The first steel column of the 2 million mt hot-rolled coil steelmaking main plant for Egypt's New Peak Steel Project, constructed by Shougang Group Construction's First Metallurgical Construction Branch, was successfully hoisted. This was not only a breakthrough in the project period, but also marked the first complete implementation of Shougang Group Construction's "full-process metallurgical service brand" in North Africa, representing a critical leap for China's steel engineering technology from "domestic export" to "regional empowerment."

On May 31, 2026, Zenith Steel released its pricing policy for the first ten days of June. I. Supplementary price adjustment for the third ten days of May: 1. Wire rod: 125 2. Rebar: 165 II. Provisional prices for the first ten days of June: 1. Wire rod: 3,650 2. Rebar: 3,450 III. The benchmark discount rate for acceptance bills was adjusted to 0.8‰ [SMM Steel]