Beijing customs said on the 11th that goods trade in the Beijing-Tianjin-Hebei region totaled 2.09 tln yuan in Jan-May, up 14.4% YoY; exports were 630.84 bln yuan, +11.5%, and imports 1.46 tln yuan, +15.8%. Trade has recorded five consecutive months of YoY growth this year. In May, exports were 135.89 bln yuan, +11.7%, and imports 348.46 bln yuan, +28.1%; both were record highs for the month.

Yitong New Materials said in a conference call that gross margin on its traditional powder‑metallurgy iron powder is about 20%. Battery‑grade powder requires fewer processing steps and yields a lower gross margin than powder‑metallurgy iron powder. Forgings remain in capacity ramp‑up and are not yet at full production; higher per‑unit labor and depreciation keep forging margins below traditional powder. Traditional powder shows stable growth, battery powder is expanding rapidly alongside downstream LFP battery development, and forgings present sizable market potential. The company said this year’s faster growth partly reflects a small base last year.

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