格林大华期货早盘提示：钢材-20251226

Group 1: Report Industry Investment Rating - The investment rating for the steel industry is "Oscillating Bullish" [1] Group 2: Core Viewpoint of the Report - The steel market is expected to continue oscillating, with the rebar having a pressure level of 3200 and a support level of 3030. Short - term operations are recommended [1] Group 3: Summary by Relevant Catalog Market Review - On Thursday, rebar and hot - rolled coils closed higher, but closed lower at night [1] Important Information - Multiple cities including Handan, Baoding, Xingtai, and Xi'an have launched heavy - pollution weather emergency responses, and Anhui has issued a provincial orange warning for heavy - pollution weather [1] - This week, the supply of five major steel products was 796.82 million tons, a week - on - week decrease of 0.1%. The total inventory of the five major steel products was 1257.99 million tons, a week - on - week decrease of 2.8%. The weekly consumption of the five major products was 833.61 million tons, with building material consumption decreasing by 3.2% month - on - month and plate consumption increasing by 1.4% month - on - month [1] Market Logic - Most steel mills have not introduced winter storage policies, only a few in Northeast and North China have. Although the profitability of steel mills has slightly improved, the profit margin is still low, and production continues to operate at a low level. This week, steel production decreased, inventory continued to decline, and the consumption side was divided, with building material consumption decreasing and plate consumption increasing. It is still the off - season, and most manufacturers have not carried out winter storage. The prices of raw fuels have not fluctuated much, and costs still support steel prices [1] Trading Strategy - Short - term operation is recommended [1]