螺纹钢周度表需消费展望：钢市周周速-20251225

Report Summary 1) Report Industry Investment Rating - No information provided in the given content. 2) Core View of the Report - This week, the apparent demand for rebar declined, production continued to rise slightly, and inventory continued to be depleted. The demand for hot-rolled coils recovered, production increased slightly, and inventory depletion accelerated, but the pressure still needs to be alleviated. Attention should be paid to the marginal changes in demand during the off-season [1]. 3) Summary by Relevant Catalog - Production, Inventory, and Consumption Data: - For all five major steel products combined, the weekly production was 872.56 million tons, with a week-on-week decrease of 1.15 million tons. The total inventory (factory + social) was 1257.99 million tons, with a week-on-week decrease of 18.29 million tons. The weekly consumption (excluding imports and exports) was 833.61 million tons, with a week-on-week decrease of 5.11 million tons [1]. - Rebar: The weekly production was 39.29 million tons, with a week-on-week increase of 2.71 million tons. The factory inventory was 140.06 million tons, with a week-on-week increase of 0.52 million tons. The social inventory was 294.19 million tons, with a week-on-week decrease of 18.81 million tons. The total inventory was 434.25 million tons, with a week-on-week decrease of 18.29 million tons. The weekly consumption was 202.68 million tons, with a week-on-week decrease of 5.96 million tons [1]. - Wire rod: The weekly production was 77.44 million tons, with a week-on-week increase of 3.32 million tons. The factory inventory was 80.52 million tons, with a week-on-week increase of 3.16 million tons. The social inventory was 296.7 million tons, with a week-on-week decrease of 10.60 million tons. The total inventory was 377.22 million tons, with a week-on-week decrease of 13.50 million tons. The weekly consumption was 43.7 million tons, with a week-on-week decrease of 3.42 million tons [1]. - Hot-rolled coil: The weekly production was 307.04 million tons, with a week-on-week increase of 8.76 million tons. The factory inventory was 163.48 million tons, with a week-on-week decrease of 0.19 million tons. The social inventory was 196.02 million tons, with a week-on-week increase of 0.80 million tons. The total inventory was 359.50 million tons, with a week-on-week increase of 0.61 million tons. The weekly consumption was 86.67 million tons, with a week-on-week decrease of 0.04 million tons [1]. - Cold-rolled coil: The weekly production was 86.48 million tons, with a week-on-week increase of 0.39 million tons. The factory inventory was 39.23 million tons, with a week-on-week increase of 1.69 million tons. The social inventory was 124.25 million tons, with a week-on-week decrease of 1.88 million tons. The total inventory was 163.48 million tons, with a week-on-week decrease of 0.19 million tons. The weekly consumption was 86.67 million tons, with a week-on-week decrease of 0.04 million tons [1]. - Medium plate: The weekly production was 82.3 million tons, with a week-on-week decrease of 0.50 million tons. The factory inventory was 113.72 million tons, with a week-on-week increase of 0.30 million tons. The social inventory was 159.78 million tons, with a week-on-week decrease of 1.02 million tons. The total inventory was 273.50 million tons, with a week-on-week decrease of 0.72 million tons. The weekly consumption was 79.68 million tons, with a week-on-week decrease of 2.88 million tons [1].