宝城期货螺纹钢周度数据-20250822

Report Highlights 1. Industry Investment Rating - Not provided in the given content 2. Core View - The supply - demand pattern of rebar remains weak with continuous inventory accumulation. The weekly output of rebar decreased by 58,000 tons week - on - week, but the sustainability of production cuts is to be tracked. Demand is at a low level, with the weekly apparent demand increasing by 48,600 tons week - on - week, and high - frequency daily transactions remaining sluggish. The steel price is under pressure, but the rising cost may limit the downside space. It is expected that the steel price will continue to fluctuate weakly, and attention should be paid to the demand performance [2] 3. Summary by Related Catalogs Supply - The weekly output of rebar was 2.1465 million tons, a week - on - week decrease of 58,000 tons and a month - on - month increase of 35,900 tons. The annual - on - annual increase was 540,500 tons. The blast furnace capacity utilization rate was 90.25%, with a week - on - week increase of 0.03 percentage points, a month - on - month increase of 0.01 percentage points, and an annual - on - annual increase of 5.95 percentage points [1] Demand - The weekly apparent demand for rebar was 1.948 million tons, a week - on - week increase of 48,600 tons, a month - on - month decrease of 86,100 tons, and an annual - on - annual decrease of 45,400 tons. The weekly average of Steel Union building materials transactions was 95,100 tons, a week - on - week decrease of 7,200 tons, a month - on - month increase of 1,000 tons, and an annual - on - annual decrease of 26,900 tons [1] Inventory - The total inventory of rebar was 6.0704 million tons, a week - on - week increase of 198,500 tons, a month - on - month increase of 607,500 tons, and an annual - on - annual decrease of 447,800 tons. The in - plant inventory was 1.7453 million tons, a week - on - week increase of 22,700 tons, a month - on - month increase of 123,800 tons, and an annual - on - annual increase of 40,300 tons. The social inventory was 4.3251 million tons, a week - on - week increase of 175,800 tons, a month - on - month increase of 483,700 tons, and an annual - on - annual decrease of 488,100 tons [1]