钢厂春旺补库时间滞后+强度偏弱

Group 1 - The core viewpoint of the report indicates that the domestic steel industry is experiencing a mixed trend in raw material prices, with export policies driving external prices higher while domestic prices remain under pressure [1][2] - Steel mills are currently in a raw material stocking phase, with iron ore imports increasing but steel inventory remaining low, suggesting a cautious approach to restocking due to weak price differentials and expectations of low post-holiday production [2][3] - The profitability of steel companies has slightly decreased to 39.4%, indicating that previous raw material price increases may have started to impact financial statements [1][2] Group 2 - The average price of hot-rolled coils in major markets is reported at 3355 CNY/ton, showing a slight decrease of 1 CNY/ton from the previous week, while the inventory of hot-rolled coils has decreased by 2.82 million tons week-on-week [3] - The price index for metallurgical coke has remained stable, with trade prices for first-grade coke at 1470 CNY/ton and second-grade coke at 1570 CNY/ton, while inventory levels at major ports have decreased [4] - The price index for domestic iron concentrate shows mixed results, with the price for 66% concentrate at 978 CNY/ton, reflecting a 0.72% increase, while overall iron ore inventory at ports continues to rise [5]