Report Industry Investment Rating - Not provided Core View of the Report - The supply and demand of rebar remain weak, with supply contraction leading to inventory reduction, but demand is also weak, and the fundamentals have not improved. Steel prices continue to face pressure, and it is expected that rebar will continue to fluctuate at a low level during the off - season. Pay attention to the production changes of construction steel mills [2] Summary by Related Catalogs Supply - The weekly output of rebar decreased by 108,900 tons compared with the previous week, and the supply continued to contract and reached the lowest level of the year. However, due to the good profit per ton of the variety, the sustainability of production reduction is questionable [1][2] Demand - The weekly apparent demand of rebar decreased by 124,000 tons compared with the previous week, and the high - frequency daily transactions were lower than the normal level. Both were at the lowest level in recent years. The weak demand pattern remained unchanged, which was likely to suppress steel prices [2] Inventory - Supply contraction led to inventory reduction. The total inventory decreased by 124,000 tons compared with the previous week, the in - plant inventory decreased by 19,700 tons, and the social inventory decreased by 104,300 tons. The relatively positive factor was the low inventory level, and the real - end contradiction was not significant [1][2]

本周值 环比变化 上月末值 本月变化 同期值 同期变化 周度产量 218.46 -7.05 225.51 -7.05 233.07 -14.61 高炉产能利用率（%） 90.65 -0.04 90.69 -0.04 88.14 2.51 表观需求量 229.03 -19.65 248.68 -19.65 231.14 -2.11 钢联建材成交周均值 10.67 0.50 10.17 0.50 12.17 -1.50 总库存 570.48 -10.57 581.05 -10.57 775.60 -205.12 厂内库存 184.86 -1.60 186.46 -1.60 204.85 -19.99 社会库存 385.62 -8.97 394.59 -8.97 570.75 -185.13 螺纹钢周度数据（20250606） 供给 需求 库存 150 200 250 300 350 400 01 02 03 04 05 06 07 08 09 10 11 12 螺纹钢周产量 2025 2024 2023 2022 2021 70 75 80 85 90 95 01 02 03 04 05 06 07 08 09 ...