China's foreign ministry said that at the invitation of China's foreign minister Wang Yi, UK foreign secretary Cooper will visit China from June 1-3 to hold the 11th China-UK Strategic Dialogue.

Anyang Steel said on May 31 it completed and commissioned an electric heating furnace for titanium plate at its No.2 hot-rolling unit. The new furnace will operate in tight coordination with the hot-rolling mill to provide precise, standardized heating for multiple titanium-plate specifications, address a process shortfall in high-end titanium rolling and strengthen the company’s high-end specialty steel product mix.

Bank of China Securities said markets remained volatile at elevated levels this week. Structurally, previously strong technology sectors faced profit-taking as capital rebalanced from crowded high-fliers into lower-valued, higher-certainty sectors. Drivers: oil prices remain elevated; expectations of tighter offshore liquidity have strengthened recently; Kevin Warsh formally assumed the Fed chair and market odds of a hawkish U.S. policy path have risen. Market pricing for a Fed rate increase in 2026 has notably increased. The combination of high oil and higher rates has materially compressed the space for global liquidity easing. On the sector side, anticipated summer peak power demand supports utilities and coal supply tightness is driving prices higher; amid greater market volatility and muted fundamentals, investors are placing higher weight on dividend yields and lower-risk valuation cushions.