Fangda Special Steel unit Tongda Iron Processing produced 51,590 tonnes of iron concentrate in June, a record for the month, up 9,580 tonnes YoY and exceeding its phased target.

U.S. EIA weekly crude inventories fell 7.167 mln bbl in the week to July 24, versus a 1.272 mln bbl draw expected and a prior build of 2.01 mln bbl.

CITIC Securities published Honor’s fourth IPO counseling progress report on the CSRC’s IPO counseling system. Honor completed listing-counseling filing with the Shenzhen bureau of the China Securities Regulatory Commission in June 2025. The latest counseling period covered April 1–June 30, 2026. During the period shareholders appointed one new director and the company’s equity structure changed, prompting a change in the counseling recipient. The fourth-phase work focused on comprehensive due diligence, project working meetings, governance improvements and vetting proposed fundraising investment projects. CITIC plans to continue with the current counseling team.