钢铁周报：继续看多钢铁权益的季度节奏

Investment Rating - The industry investment rating is optimistic [1] Core Viewpoints - The report maintains a bullish outlook on the steel sector, emphasizing a positive quarterly rhythm for steel equities [1] Price Performance - The SW Steel Index is at 2,700, showing a year-to-date increase of 1.5% [3] - The price of rebar (HRB400 20mm) is 3,320 CNY/ton, with a weekly increase of 1.2% [3] - The price of hot-rolled coil is 3,330 CNY/ton, reflecting a weekly increase of 1.8% [3] - The iron ore price index is at 107 USD/ton, with a weekly increase of 1.7% [3] Inventory - Total social inventory of five major steel products is 8.65 million tons, with a year-to-date decrease of 0.8% [5] - Steel mill inventory stands at 3.81 million tons, showing a year-to-date increase of 1.2% [5] - Port inventory of iron ore is 16.55 million tons, with a year-to-date increase of 4.3% [5] Supply and Demand - Weekly production of five major steel products is projected to be around 900,000 tons [9] - Daily molten iron production is expected to reach approximately 245,000 tons [9] - The report indicates a steady demand for rebar, with apparent demand figures showing a positive trend [14]