钢材周度供需数据解读-20250815

Report Overview - Report Title: Steel Weekly Supply and Demand Data Interpretation - Date: August 14, 2025 - Researcher: Multiple individuals with corresponding qualification numbers 1. Report Industry Investment Rating - No industry investment rating is provided in the report. 2. Report's Core View - The fundamentals of the steel industry continue to show marginal weakening, with inventory accumulation accelerating for the five major steel products, and the characteristics of the off - season persisting. The overall market sentiment is cooling, and with ongoing policy fluctuations, the futures prices are expected to fluctuate widely [2][3]. 3. Summary by Category Demand - Threaded steel: The apparent demand is 189,940 tons (-20,850 tons), a year - on - year decrease of 3.07% [2]. - Hot - rolled coils: The apparent demand is 314,750 tons (+8,540 tons), a year - on - year increase of 9.21% [2]. - Five major steel products: The apparent demand is 831,020 tons (-14,720 tons), a year - on - year decrease of 1.74% [2]. Supply - Threaded steel: The production is 220,450 tons (-730 tons), a year - on - year decrease of 0.33% [2]. - Hot - rolled coils: The production is 315,590 tons (+700 tons), a year - on - year increase of 0.22% [2]. - Five major steel products: The production is 871,630 tons (+2,420 tons), a year - on - year decrease of 0.28% [2]. Inventory - Threaded steel: The inventory is 587,190 tons (+30,510 tons), a year - on - year increase of 5.48% [2]. - Hot - rolled coils: The inventory is 357,470 tons (+840 tons), a year - on - year increase of 0.24% [2]. - Five major steel products: The inventory is 1,415,970 tons (+40,610 tons), a year - on - year increase of 2.95% [2]. Market Analysis - The production of copper plants has a mix of resumptions and inspections, and the production of threaded steel and hot - rolled coils has changed little. There has been a significant increase in threaded steel inventory due to a large amount of threaded steel cutting resources arriving at the port and the warehousing of previously typhoon - affected goods. The demand has declined, while the export orders for hot - rolled coils have improved, but domestic demand remains weak. The inventory of medium - thick plates and cold - rolled coils has also accumulated, and the overall market continues to show off - season characteristics [3].