钢铁周报：起跳前的下蹲-20250817

Investment Rating - The industry investment rating is "Positive" [1] Core Viewpoints - The report indicates that the steel industry is currently experiencing a phase of preparation before a potential upward movement, suggesting a favorable outlook for the near future [1] Price Data Summary - The SW Steel Index is at 2,457, with a weekly change of -0.20% and a year-to-date change of +16.90% [4] - The price of rebar (HRB400 20mm) is 3,300 CNY/ton, with a weekly change of +0.90% and a year-to-date change of +3.20% [4] - The price of hot-rolled steel is 3,430 CNY/ton, with a weekly change of -0.30% and a year-to-date change of +3.00% [4] - The iron ore price index is at 102 USD/ton, with a weekly change of +0.30% and a year-to-date change of +1.80% [4] Inventory Summary - The total social inventory of five major steel products is 990,000 tons, with a weekly increase of +2.9% and a year-to-date increase of +30.5% [7] - The total inventory at steel mills is 425,000 tons, with a weekly increase of +3.0% and a year-to-date increase of +21.4% [7] - The port inventory of iron ore is 13,816,000 tons, with a weekly decrease of -0.7% and a year-to-date decrease of -7.0% [7] Supply and Demand Summary - The weekly output of five major steel products is projected to be 1,000,000 tons [10] - The average daily molten iron production is expected to reach 250,000 tons [10] - The operating rate of blast furnaces across 247 plants is currently at 75% [13] Stock Performance Summary - The top five stocks in terms of weekly performance have shown increases ranging from 11.6% to 14.0% [19] - The bottom five stocks have shown no change [19]