On July 22, 2025, the Ministry of Industry and Information Technology launched a heavy blow to “anti-involution”! Behind the surge in steel prices: weak transactions vs. soaring costs
On July 21, the spot steel market was dominated by price increases, and all major futures market products rose, including rebar, hot-rolled coil, and iron ore, which rose by more than 2%, hitting a 4-month high. Coke rose by 5.05%, and coking coal rose by 7.88%, breaking through the 1,000 yuan mark.
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