April Raw Materials News Summary

1. In April, the global manufacturing Purchasing Managers Index (PMI) has been operating in the contraction range below 50% for two consecutive months. Analyses suggest that affected by the tariffs imposed by the United States, the global manufacturing industry will continue to be weak, and the downward pressure on the economy will increase.

2. Hebei Taihang Iron and Steel Group Co., Ltd.’s ESP production line has successfully rolled a patterned plate with a thickness of 0.9mm, which is the thinnest in the world, setting a new world record in this field.

3. Jingcheng Technology Co., Ltd. of MCC and TECNORED Company in Brazil held a signing ceremony for the Green Metallurgy Technology Cooperation Memorandum (MOU), announcing that the two parties have entered a new stage in the fields of low-carbon and carbon reduction technologies, coal briquetting technologies, etc., providing solid technical support and innovative practical examples for the low-carbon transformation of the global steel industry.