钢材周报：南方雨季来临，钢价震荡偏弱-20250616

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - The macro - situation shows progress in Sino - US economic and trade consultations and proposed real - estate policy optimization in Guangzhou. The industrial data last week was poor, with both output and apparent demand declining. Hot - rolled coils have been accumulating inventory for two consecutive weeks, affected by the slowdown in manufacturing steel use and weakening exports. The apparent demand for rebar has declined month - on - month, dragged down by the terminal real - estate and seasonal weakening of demand. It is expected that steel prices will fluctuate weakly [1][4][5]. Summary by Related Catalogs Transaction Data | Contract | Closing Price | Change | Change % | Total Volume (Lots) | Total Open Interest (Lots) | Price Unit | | --- | --- | --- | --- | --- | --- | --- | | SHFE Rebar | 2969 | - 6 | - 0.20 | 8652225 | 3086173 | Yuan/ton | | SHFE Hot - rolled Coil | 3082 | - 10 | - 0.32 | 2922804 | 1566756 | Yuan/ton | | DCE Iron Ore | 704.0 | - 3.5 | - 0.49 | 1262009 | 716699 | Yuan/ton | | DCE Coking Coal | 774.5 | - 4.0 | - 0.51 | 6009851 | 695773 | Yuan/ton | | DCE Coke | 1349.5 | - 1.0 | - 0.07 | 158036 | 56573 | Yuan/ton | [2] Market Review - Last week, steel futures showed a volatile trend, with weak supply and demand and limited macro - support, resulting in a lack of upward momentum for steel prices. In the spot market, the price of Tangshan steel billets was 2900 (0) yuan/ton, Shanghai rebar was quoted at 3080 (- 40) yuan/ton, and Shanghai hot - rolled coils were at 3180 (- 20) yuan/ton [4]. Industry News 1. The China Iron and Steel Association called on the steel and automotive industries to break the "involution" [6][7]. 2. The first meeting of the Sino - US economic and trade consultation mechanism was held in London, achieving new progress in resolving economic and trade concerns [1][4][10]. 3. On June 13, 2025, the Israel Defense Forces launched an air strike on Iranian nuclear and military facilities [10]. 4. Guangzhou plans to optimize real - estate policies, cancel purchase and sales restrictions, reduce down - payment ratios and interest rates, and promote the renovation of old communities and villages [10]. Related Charts - The report includes multiple charts showing the trends of rebar and hot - rolled coil futures, basis, regional price differences, production, inventory, and apparent consumption from 2021 - 2025 [8][11][13][15][16][21][23][25][27][29][31][33][35][36][40].