成材：市场低迷，钢价弱势整理

1. Report Industry Investment Rating - Not provided in the text 2. Core Viewpoints of the Report - The steel market is sluggish, and steel prices are weakly consolidating. The low downstream demand remains the key factor dragging down steel prices. As the Spring Festival holiday approaches, the spot market is gradually entering the holiday rhythm. There may still be capital outflows before the festival, leading to a decline in market trading volume. The macro - environment is calm and has little impact on prices [1][2] - The raw materials market is expected to fluctuate weakly, and attention should be paid to the 3000 support level for rebar [2] 3. Summary by Relevant Catalogs 成材 - The market is in a downturn, and steel prices are weakly consolidating. On February 10, the average cost of 76 independent electric arc furnace construction steel mills was 3296 yuan/ton, a decrease of 62 yuan/ton compared to the previous day. The average profit was a loss of 52 yuan/ton, and the profit during off - peak electricity hours was 14 yuan/ton [1][2] - The finished products fluctuated slightly yesterday. Low downstream demand is the key factor dragging down steel prices. With the Spring Festival approaching, the spot market is entering the holiday rhythm, and there may be capital outflows before the festival, reducing market trading. The macro - environment has little impact on prices [2] Raw Materials - The raw materials market is expected to fluctuate weakly, and attention should be paid to the 3000 support level for rebar. Later, attention should be paid to macro - policies and downstream demand conditions [2]