Report Industry Investment Rating - No specific investment rating is provided in the report Core Viewpoint - The steel price is expected to undergo adjustments, and it is advisable to adopt a wait - and - see approach [4] Summary According to Related Content Cost and Profit - On August 5, the average cost of 76 independent electric arc furnace construction steel mills was 3312 yuan/ton, with a daily increase of 4 yuan/ton, the average profit was - 31 yuan/ton, and the valley - electricity profit was 70 yuan/ton, with a daily decrease of 7 yuan/ton [3] Real Estate Transaction Data - From July 28 to August 3, the total transaction (signing) area of newly built commercial housing in 10 key cities was 1.467 million square meters, a month - on - month increase of 3.8% and a year - on - year decrease of 17.7%; the total transaction (signing) area of second - hand housing was 1.9959 million square meters, a month - on - month decrease of 6.5% and a year - on - year increase of 4.7% [3] Market Situation - Benefiting from the limit - up of coking coal on the raw material side, the finished products continued to rebound yesterday. The market continues to waver between macro anti - involution and industry fundamentals, and steel prices fluctuate repeatedly in the short term [3] Fundamental Situation - Currently, the overall supply of steel is stronger than demand. On the supply side, the daily average pig iron output, blast furnace operating rate, and steel mill profitability are all relatively high, but downstream demand is mediocre, affected by monthly real estate data and the actual impact of the rainy season on construction sites [3] Later Concerns - Macro policies, supply - side production cuts, and downstream demand [4]
华宝期货晨报成材-20250806
Hua Bao Qi Huo·2025-08-06 09:05