China Iron and Steel Association: In July, the procurement costs of coal and coke varieties for benchmarking enterprises continued to decline compared to the previous month.

According to the Zhixin Finance APP, the China Iron and Steel Association released a "Brief Analysis of Steel Raw Material Purchasing Costs in July 2025". In July, the purchasing costs of coal and coke varieties for benchmarking enterprises continued to decrease month-on-month, while the purchasing costs of iron ore except for domestic pellets and imported lump ore all turned from a decrease to an increase month-on-month. From January to July, the year-on-year decrease in purchasing costs for various varieties was relatively large. In July, the weighted average conversion-based purchasing cost of coking coal was 1100.18 yuan/ton, a decrease of 32.00 yuan/ton or 2.83% compared to the previous month; the weighted average conversion-based purchasing cost of metallurgical coke was 1303.66 yuan/ton, a decrease of 51.49 yuan/ton or 3.80% compared to the previous month.