格林期货早盘提示：钢材-20251224

Report Industry Investment Rating - Not provided Core View of the Report - The steel market supply and demand remain weak with no prominent contradictions, and the screw and coil futures may continue to fluctuate. Short - term operations are recommended [1] Summary by Relevant Catalogs Market Review - On Tuesday, rebar and hot - rolled coils closed higher, but closed lower at night [1] Important Information - In November 2025, China's stainless steel imports were 112,100 tons, a month - on - month decrease of 12,000 tons (10%) and a year - on - year decrease of 18,100 tons (14%). Imports from Indonesia decreased by 16% month - on - month and 17% year - on - year. The top 5 regions accounted for 93.34% of total imports [1] - From December 15th to 21st, the total transaction area of newly - built commercial housing in 10 key cities was 2.232 million square meters, a month - on - month increase of 23.3% and a year - on - year decrease of 32.9% [1] - From December 15th to 21st, global shipyards received 62 + 13 new ship orders, with Chinese shipyards getting 42+7, and South Korean shipyards getting 11 [1] - The Central Enterprise Leaders' Meeting was held in Beijing from December 22nd to 23rd. Li Qiang pointed out the need to provide strong support for major infrastructure construction [1] - In November 2025, the crude steel output of 70 countries/regions included in the World Steel Association's statistics was 140.1 million tons, a year - on - year decrease of 4.6% [1] Market Logic - In the short term, the market fundamentals have changed little, but demand has declined significantly year - on - year. Downstream buyers purchase as needed, and inventory continues to decline. The steel mill profitability rate was below 40% last week, and steel production is expected to remain low. The steel market supply - demand is weak, and the screw and coil futures may fluctuate. The rebar has a pressure level at 3200 and a support level at 3030 [1] Trading Strategy - Short - term operation is recommended [1]