China's National Development and Reform Commission (NDRC) announced a RMB 100 billion (US$14.1 billion) allocation aimed at stimulating the economy, but this fell short of market expectations, leading to mixed sentiments in the steel sector. While the NDRC plans to boost domestic demand and support the real estate market, investors expressed disappointment over the lack of concrete measures. The announcement coincided with a decline in steel prices, reflecting uncertainty about future production cuts and their impact on raw material demand.