Core Viewpoint - Domestic steel prices have risen following the release of the latest steel production and inventory data, with expectations of supply-side reforms in the overcapacity industry boosting market sentiment [1][2]. Group 1: Production and Inventory Data - As of July 3, the national rebar production increased by 32,400 tons week-on-week to 2.2108 million tons, a year-on-year decrease of 156,700 tons [1]. - Social inventory rose by 13,400 tons week-on-week to 3.6474 million tons, a year-on-year decrease of 2.2107 million tons [1]. - Factory inventory decreased by 51,300 tons week-on-week to 1.8047 million tons, a year-on-year decrease of 203,100 tons [1]. - Rebar demand increased by 49,600 tons week-on-week to 2.2487 million tons, a year-on-year decrease of 99,100 tons [1]. Group 2: Market Dynamics - Despite weak supply and demand for rebar, low inventory levels and strong steel billet exports are supporting the market, with some steel mills receiving orders for exports until August [2]. - The recent environmental production restrictions in Tangshan, limiting sintering machine output by 30% from July 4 to 15, are expected to impact some steel mills' production [2]. - The Central Financial Committee's recent meeting emphasized the need to regulate low-price competition and promote the exit of outdated production capacity, enhancing expectations for supply-side reforms in the overcapacity industry [2].
光大期货:本周螺纹表需回升、数据表现偏强 短期钢价或偏强整理
Xin Hua Cai Jing·2025-07-03 07:15