Tangshan announced mandatory steel production cuts for July 25-29, 2026. Blast furnaces must reduce output by 20%, while sintering facilities face 40% cuts. The market showed minimal reaction to the news. Rebar prices dropped only RMB 7/mt to RMB 3,180/mt. Hot-rolled coil fell RMB 5/mt to RMB 3,395/mt. Demand remains extremely weak, limiting the impact of supply reductions. Mills responded variably, with some already implementing maintenance. Observers note prices would only rise if iron ore and coke costs decline.