Macroeconomics

1. [Electricity] National Energy Administration: In June 2026, the volume of electricity traded in the national market reached 627.5 billion kWh, a year-on-year increase of 20.8%. From January to June 2026, the cumulative volume of electricity traded in the national market totaled 3,684.8 billion kWh, up 24.2% year-on-year.

2. [US Durable Goods Orders] US durable goods orders rose 0.3% month-on-month in June; the expected figure was 2.5%, and the previous reading was revised from -4.50% to -4%.

Steels

1. [Steel] On July 27, Hebei Tianzhu Steel began maintenance on a 1,780m³ blast furnace; the work is expected to last two days, with an estimated impact on average daily hot metal output of approximately 4,500 tonnes.

On July 27, Hebei Tangyin Steel began maintenance on a 1,580m³ blast furnace; the work is expected to last two days, with an estimated impact on average daily hot metal output of approximately 3,800 tonnes.

On July 26, Hebei Yanshan Steel began maintenance on a 1,080m³ blast furnace; the work is expected to last four days, with an estimated impact on average daily hot metal output of approximately 4,000 tonnes.

2. [Ferrosilicon] Chongqing Iron & Steel has issued a tender announcement for ferrosilicon for August, seeking a volume of 325 tonnes; the deadline for quotations is 15:00 on July 28, with a delivery period extending to August 31, 2026.

Echeng Iron & Steel issued a tender announcement on July 25 for 600 tonnes of ferrosilicon; the quotation deadline is 11:00 on July 28, and the delivery period runs until August 20, 2026.

Sichuan Fangda Vanadium & Titanium issued a procurement notice on July 26, 2026, for 2,000 tonnes of Class II ferrosilicon (lump specification: 5–50 mm); the quotation deadline is 11:30 on July 30, with a delivery period extending to December 31, 2026.

3. [Iron Ore] From July 20 to July 26, 2026, total iron ore arrivals at 47 Chinese ports amounted to 26.68 million tonnes, a week-on-week decrease of 2.207 million tonnes; total arrivals at 45 Chinese ports were 23.937 million tonnes, down 3.072 million tonnes week-on-week; and total arrivals at six northern ports were 11.648 million tonnes, down 1.232 million tonnes week-on-week.

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