Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report The supply - demand pattern of hot - rolled coils continues to weaken, inventory growth has expanded. Due to plate mill maintenance, hot - rolled coil production decreased by 7900 tons week - on - week, but the sustainability of production cuts needs to be tracked as the profit per ton of the product is acceptable, so the positive effect of supply contraction is not strong. Meanwhile, the demand for hot - rolled coils continues to decline, with the weekly apparent demand down 13790 tons week - on - week, high - frequency transactions are at a low level, and the cold - rolled production of downstream industries has declined from a high level, weakening domestic demand resilience. The convergence of domestic and foreign price differences and tariff policy disturbances are fermenting external demand concerns. In the situation of weak supply and demand, the fundamentals of hot - rolled coils continue to weaken, inventory continues to increase and the increase is expanding. Under the weak reality, hot - rolled coil prices are prone to decline, but there are still resistance to decline due to continuous production - restriction disturbances. It is expected that hot - rolled coil prices will continue to fluctuate widely. Attention should be paid to steel [8]. 3. Summary by Related Catalogs Supply - The weekly output of hot - rolled coils is 3.1489 million tons, a week - on - week decrease of 7900 tons, a decrease of 7900 tons compared with the end of last month, and an increase of 113300 tons compared with the same period [2]. - The blast furnace capacity utilization rate is 90.09%, a week - on - week decrease of 0.15 percentage points, a decrease of 0.15 percentage points compared with the end of last month, and an increase of 3.07 percentage points compared with the same period [2]. Demand - The apparent demand for hot - rolled coils is 3.0621 million tons, a week - on - week decrease of 13790 tons, a decrease of 13790 tons compared with the end of last month, and an increase of 77000 tons compared with the same period [2]. - The weekly output of cold - rolled coils is 86050 tons, a week - on - week decrease of 1130 tons, a decrease of 1130 tons compared with the end of last month, and an increase of 4920 tons compared with the same period [2]. Inventory - The total inventory of hot - rolled coils is 3.5663 million tons, an increase of 86800 tons week - on - week, an increase of 86800 tons compared with the end of last month, and a decrease of 807300 tons compared with the same period [2]. - The in - plant inventory of hot - rolled coils is 77880 tons, a week - on - week decrease of 1420 tons, a decrease of 1420 tons compared with the end of last month, and a decrease of 10600 tons compared with the same period [2]. - The social inventory of hot - rolled coils is 2.7875 million tons, an increase of 101000 tons week - on - week, an increase of 101000 tons compared with the end of last month, and a decrease of 701300 tons compared with the same period [2].
热轧卷板周度数据（20250808）-20250808
Bao Cheng Qi Huo·2025-08-08 05:13