According to the news on the Wise News App, Mongol Mining (00975) fell by more than 5%, at press time, down 5.11%, at HKD 8.73, with a turnover of HKD 10.43 million.

On the news front, in mid-June, some steel mills in the North implemented a second round of price reductions on coking coal. On June 15, the second round of price reductions for coking coal in Shandong and Hebei will be officially launched with a range of 50-55 yuan/ton. Previously, on May 21, the first round of price reductions for coking coal in the North had landed. Compared with the first round's reduction range of 100-110 yuan/ton, the second round's price reduction range has been narrowed.

Analyst Zhang Baohui of Guomao Futures said that the market direction has begun to change in June, and the trend dominated by macro inflation expectations has come to an end for the time being. Prices of industrial products, including the "black series", are facing the test of weak season real demand. In recent weeks, apparent demand for rebar has greatly weakened, and real demand has not been satisfactory, bringing negative feedback expectations to the market.