Amid ongoing global political and economic volatility, China implemented strong macroeconomic policies to offset external risks and maintain steady economic growth. Production and demand steadily increased, with emerging economic drivers and progress in high-quality development. However, external risks persist, and domestic demand remains insufficient.

China continued to navigate trade conflicts and geopolitical challenges while deepening structural reforms, promoting innovation, and expanding domestic demand. The country aimed to build a new growth model driven by internal economic circulation, supported by industrial resilience.

In the black commodity futures market, iron ore led with a 2.68% gain last week, followed by coking coal’s 1.81% rise. Rebar reached a three-month high. While gains were consistent, higher prices may lead to increased resistance and volatility. With weaker supply, stronger cost support, and increased speculative activity, China’s domestic steel market is expected to continue fluctuating upward from July 21-25.