On April 29, 2025, the China Iron and Steel Association held an information release conference. The association stated that steel prices in the first quarter decreased year-on-year, and the procurement costs of major raw materials 

and fuels all dropped. According to the monitoring of the China Iron and Steel Association, in the first quarter, the average value of the China Steel Price Index (CSPI) was 95.59 points, a year-on-year decrease of 13.66%. Among 

them, the average value of the CSPI long products index was 97.81 points, a year-on-year decrease of 13.50%. The average value of the sheet metal index was 93.88 points, a year-on-year decrease of 14.43%. In the first quarter, 

China's cumulative iron ore imports reached 285 million tons, a year-on-year decrease of 24.16 million tons, representing a year-on-year decline of 7.8%. The average import price was 99.1 US dollars per ton, a year-on-year 

decrease of 21.3%. The port inventory was 143 million tons, a decrease of 1.46 million tons year-on-year, representing a year-on-year decline of 1.0%.

In the first quarter, the procurement cost of imported fine ore for key statistics of steel enterprises decreased by 19.26% year-on-year, the procurement cost of domestic iron concentrate (dry basis) decreased by 17.59% 

year-on-year, the procurement cost of coking coal decreased by 33.32% year-on-year, the procurement cost of metallurgical coke decreased by 30.26% year-on-year, and the procurement cost of pulverized coal injection 

decreased by 13.35% year-on-year. The procurement cost of scrap steel decreased by 15.88% year-on-year.