螺纹钢周度数据-20260306

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View - The supply and demand of rebar have both increased. The resumption of production in short - process steel mills has led to an increase in output, with the weekly output of rebar increasing by 8.21 tons week - on - week and still having room for growth. Coupled with a relatively high inventory level, the supply pressure has increased. Meanwhile, the demand for rebar has recovered as expected, with the weekly apparent demand and high - frequency transactions both rising, but still at a relatively low level. The policy has not exceeded expectations, and the downstream industries continue to operate weakly and stably. The marginal improvement of rebar demand is limited in terms of incremental space. In general, the supply and demand of rebar are both rising, industrial contradictions are continuously accumulating, and the weak fundamentals put pressure on steel prices. The relatively positive factor is that the valuation is low and the cost still provides support. It is expected that the price will continue to fluctuate at a low level. Attention should be paid to the demand performance [12]. 3. Summary by Related Catalogs Supply - The weekly output of rebar is 173.31 tons, with a week - on - week increase of 8.21 tons, a month - on - month increase of 8.21 tons, and a year - on - year decrease of 4.84 tons compared with the same period (lunar calendar). The blast furnace capacity utilization rate is 85.32%, with a week - on - week decrease of 2.13 percentage points, a month - on - month decrease of 2.13 percentage points, and a year - on - year decrease of 0.28 percentage points compared with the same period (lunar calendar) [3]. Demand - The apparent demand for rebar is 98.23 tons, with a week - on - week increase of 17.69 tons, a month - on - month increase of 17.69 tons, and a year - on - year increase of 34.06 tons compared with the same period (lunar calendar). The weekly average of steel union building materials transactions is 5.25, with a week - on - week increase of 1.76, a month - on - month increase of 1.76, and a year - on - year decrease of 0.83 compared with the same period (lunar calendar) [3]. Inventory - The total inventory of rebar is 875.68 tons, with a week - on - week increase of 75.08 tons, a month - on - month increase of 75.08 tons, and a year - on - year increase of 56.32 tons compared with the same period (lunar calendar). The in - plant inventory is 237.93 tons, with a week - on - week increase of 5.09 tons, a month - on - month increase of 5.09 tons, and a year - on - year increase of 0.64 tons compared with the same period (lunar calendar). The social inventory is 637.75 tons, with a week - on - week increase of 69.99 tons, a month - on - month increase of 69.99 tons, and a year - on - year increase of 55.68 tons compared with the same period (lunar calendar) [3].