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成材:市场偏弱,钢价向下寻找支撑
Hua Bao Qi Huo·2025-05-27 04:45

Group 1: Report Industry Investment Rating - The industry investment rating is to treat the market with a bias towards short positions in a volatile market [2] Group 2: Core View of the Report - The report suggests still taking a short - selling approach on rebounds [3] Group 3: Summary by Related Information Cost and Profit - On May 26, the average cost of 76 independent electric arc furnace construction steel mills was 3,310 yuan/ton, a decrease of 15 yuan/ton compared to last Friday. The average profit was - 123 yuan/ton, and the valley - electricity profit was - 19 yuan/ton, a decrease of 6 yuan/ton compared to last Friday [2] Automobile Sales - In April, Chinese - brand passenger cars sold a total of 1.571 million units, a month - on - month decrease of 3.5% and a year - on - year increase of 23.5%. They accounted for 70.7% of the total passenger car sales, with the sales share increasing by 7.1 percentage points compared to the same period last year [2] Shipbuilding Orders - In April, the global new orders were 111 ships, totaling 4,532,855 CGT. Chinese shipyards received 55 ships, totaling 2,601,584 CGT, accounting for 57.39% of the global new ship orders [2] Market Situation - The finished product market continued its downward trend yesterday. The main contract of rebar once fell below 3,000, and the main contract of hot - rolled coil fell below the previous low. The market had few bright spots, and the trade disputes between Europe and the United States intensified the pessimistic sentiment in the macro - market. Currently, the profitability rate of steel mills is good, and the enterprise operating rate and molten iron output are at relatively high levels, but downstream demand has not improved significantly and is likely to decline after entering the seasonal off - season, showing a situation of strong supply and weak demand [2] Suggestion - The industry should be treated with a bias towards short positions in a volatile market, and still take a short - selling approach on rebounds [2][3] Later Concerns - Macro policies and downstream demand conditions should be concerned [3]