成材：周度基本面延续，去库钢价弱势运行-20250530

Report Industry Investment Rating - For the steel product industry, it is recommended to be treated with a bias towards short positions in a volatile market [1] - For the raw material industry, it is recommended to try short positions on rebounds [1] Core Viewpoints - The steel product market is currently affected by high supply and weak demand, with prices continuously bottoming out. As it enters the seasonal demand off - season, it is difficult for demand to improve substantially in the short term [1] Summary by Related Content Steel Product - As of May 29, 2025, 7 Shandong steel mills have adjusted their annual crude steel production to 55.63 million tons, a decrease of about 3.5 million tons compared to the same period last year [1] - This week, the supply of Mysteel's five major steel products was 8.8085 million tons, a week - on - week increase of 84,100 tons, an increase of 1% [1] - The total inventory of the five major steel products was 13.656 million tons, a week - on - week decrease of 329,400 tons. Among them, the social inventory was 9.3254 million tons, a week - on - week decrease of 280,200 tons; the steel mill inventory was 4.3306 million tons, a week - on - week decrease of 49,200 tons [1] - After continuous decline, the steel product price rebounded slightly yesterday. The weekly inventory continued to decline, and the apparent demand increased slightly [1] Raw Material - The raw material market is recommended to try short positions on rebounds [1]