成材：美再提高钢铁关税，钢价承压运行

Report Summary 1) Industry Investment Rating - The report suggests treating the market with a bearish view in a volatile trend and trying short positions on rebounds [1][2] 2) Core View - The US President Trump announced to raise the import steel tariff from 25% to 50% effective from June 4, 2025, which further tightens the demand side. The finished steel products were weak last week, with prices hitting bottom due to strong supply and weak demand. As it's approaching the off - season for demand, there's unlikely to be effective improvement in the short - term [1] 3) Other Summaries - Tariff History: Trump signed an executive order on February 10 to impose a 25% tariff on all imported steel and aluminum to the US, and the measure officially took effect on March 12. Then on May 30, he announced to raise the steel tariff to 50% [1] - Market Situation: The finished steel products were weak last week, with prices hitting bottom due to strong supply and weak demand in the fundamentals. The increase in US steel tariffs further tightened the demand side, and it's approaching the off - season for demand, so there's unlikely to be effective improvement in the short - term [1] - Investment Suggestion: Treat the market with a bearish view in a volatile trend and try short positions on rebounds [1][2] - Factors to Watch: Macro policies and downstream demand conditions [2]