Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core View of the Report - Short - term approach is to wait and see or try shorting on rebounds [4] Group 3: Summary by Related Content Market News - US Commerce Secretary may meet with Chinese negotiators in early August, and the Chinese Ministry of Commerce responded that both sides are in close communication at multiple levels on economic and trade concerns [3] - Shanxi's steel production restriction notice is still in the oral communication stage, with a projected production cut ratio of 10% - 13%, but the specific schedule is unclear [3] Production Data - Rebar production decreased by 4420 tons to 216660 tons, hot - rolled coil production decreased by 5000 tons to 323140 tons, and the total production of five major steel products decreased by 12440 tons [3] Inventory Data - Rebar total inventory decreased by 4840 tons to 540370 tons, hot - rolled coil total inventory increased by 630 tons to 345560 tons, and the total inventory of five major steel products decreased by 350 tons to 1339580 tons [3] Demand Data - Rebar apparent demand decreased by 3370 tons to 221500 tons, hot - rolled coil apparent demand decreased by 1860 tons to 322510 tons, and the total apparent demand of five major steel products decreased by 12190 tons to 873070 tons [3] Market Analysis - Steel prices rose yesterday due to production restriction news, decreased production of rebar and hot - rolled coil, and rising raw material prices [3] - Inventory decline is limited, and building materials may enter the summer inventory accumulation period due to hot and rainy weather, with overall demand changing little [3] - Before demand improves, short - term strategy is to wait and see or try shorting on rebounds [3][4] Later Concerns - Macro - policies, supply - side production cuts, and downstream demand [4]