1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - For rebar futures, the main contract is expected to operate in the range of 3000 - 2900 this week, and it's recommended to focus on the pressure level at 3000. Steel spot customers can consider a step - by - step selling hedging strategy [7][11]. - For iron ore futures, the main contract is expected to trade in the range of 640 - 770. A grid trading strategy can be considered during the sideways consolidation phase [32][36]. 3. Summary by Directory Rebar Futures 3.1 Mid - term Market Analysis - The expected operating range of the rebar futures main contract this week is 3000 - 2900, and attention should be paid to the pressure at 3000. Weekly rebar production is 228000 tons, apparent consumption is 245000 tons, major steel mills' inventory is 1.83 million tons, and social inventory is 6.38 million tons. The futures price is in a downward channel on the daily level with significant capital outflows. Steel spot customers can consider a step - by - step selling hedging strategy [7]. 3.2 Variety Trading Strategy - Last week's strategy: Steel spot customers were advised to consider a step - by - step selling hedging strategy [10]. - This week's strategy: Spot customers can consider a step - by - step selling hedging strategy, with a reference operating range of 3000 - 2900 and attention to the 3000 pressure level. Steel production enterprises can consider a step - by - step selling hedging strategy for 80% of their spot volume [11][12]. 3.3 Relevant Data Situation - The report mentions "Relevant data situation" multiple times but does not provide specific data details in the given content. It only indicates data sources such as Wind, Mysteel, and the Great Wall Futures Trading Consultation Department [42][47]. Iron Ore Futures 3.1 Mid - term Market Analysis - The iron ore futures main contract is expected to trade in the range of 640 - 770. Last week, global iron ore shipments were 3352000 tons, arrivals at 45 major Chinese ports were 2276000 tons, steel enterprises' inventory was 8.936 million tons, and major domestic port inventory was 13.983 million tons. The daily line of iron ore futures is in a sideways phase, with the main short - selling camp having a slight advantage. A grid trading strategy can be considered during the sideways phase [32]. 3.2 Variety Trading Strategy - Last week's strategy: The Great Wall Futures AI intelligent data model showed that the iron ore futures were in a sideways consolidation phase on the daily line [35]. - This week's strategy: During the sideways consolidation phase, a grid trading strategy can be considered, with a reference antenna of 770, a ground line of 640, 22 grids, and a grid spacing of 6 [36]. 3.3 Relevant Data Situation - Similar to the rebar futures section, the report mentions "Relevant data situation" multiple times but lacks specific data details. The data sources are Wind, Mysteel, and the Great Wall Futures Trading Consultation Department [42][47].

1. Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints of the Report - For rebar futures, the AI intelligent model of Great Wall Futures shows that the main contract 2510 will operate in the range of 2900 - 3150 this week, and the pressure area at 3150 should be noted. The price is in a downward channel on the daily - line level, and the main force has a relatively obvious short - bias attitude. Spot customers can consider a selling hedging strategy [7]. - For iron ore futures, the main contract is expected to operate in the range of 670 - 730, and attention should be paid to the pressure at around 730. The daily line is in a downward channel, and spot customers can consider a selling hedging strategy [34]. 3. Summary by Directory Rebar Futures 3.1. Mid - line Market Analysis - The AI intelligent model of Great Wall Futures indicates that the main contract 2510 of rebar futures will operate in the range of 2900 - 3150 this week, and the pressure area at 3150 should be focused on. In the third week of April 2025, rebar production was 229000 tons, apparent consumption was 273000 tons, steel mill inventory was 200000 tons, and social inventory was 782000 tons. The daily - line price is in a downward channel, and the main force has a short - bias attitude. Spot customers can consider a selling hedging strategy [7]. 3.2. Variety Trading Strategy - **Last week's strategy review**: Steel spot customers could consider implementing a selling hedging strategy step - by - step [10]. - **This week's strategy suggestion**: Steel spot customers can consider implementing a selling hedging strategy step - by - step. The AI intelligent model shows that the weekly operating range of rebar futures is 2900 - 3150, and attention should be paid to the pressure area above 3150 [11]. - **Suggestion for spot enterprise hedging**: Implement an appropriate - proportion selling hedging strategy according to the AI intelligent model of Great Wall Futures [12]. 3.3. Relevant Data Situation - The data sources of this report are Wind, MySteel, and the trading consulting department of Great Wall Futures [15]. Iron Ore Futures 3.1. Mid - line Market Analysis - The main contract of iron ore futures is expected to operate in the range of 670 - 730, and attention should be paid to the pressure at around 730. In terms of supply, the global shipment volume of iron ore last week was 2.907 million tons, the arrival volume at 45 major ports in China was 2.525 million tons, steel enterprise inventory was 9.052 million tons, and the inventory at domestic major ports was 14.056 million tons. The daily - line price is in a downward channel, and spot customers can consider a selling hedging strategy [34]. 3.2. Variety Trading Strategy - **Last week's strategy review**: The AI variety diagnosis report of Great Wall Futures shows that the daily line of iron ore futures is in a downward channel, and a selling hedging strategy can be considered [37]. - **This week's strategy suggestion**: Based on the comprehensive analysis of the AI intelligent model data of Great Wall Futures, spot inventory customers can consider implementing a selling hedging strategy step - by - step and pay attention to the pressure at around 730 [37]. 3.3. Relevant Data Situation - The data sources of this report are Wind, MySteel, and the trading consulting department of Great Wall Futures [40].