Group 1: Report Industry Investment Rating - Not provided in the given content Group 2: Core Viewpoints of the Report - For the finished product, short - term observation is recommended, and try shorting at high prices after a rise [2] - For raw materials, the view is to take a short - term wait - and - see approach or try shorting on rebounds [2] Group 3: Summary by Related Catalogs Finished Product - In early July, the average daily output of crude steel from key steel enterprises was 2.097 million tons, a 1.5% decrease from the previous period; the steel inventory was 15.07 million tons, a 2.4% decrease from the previous ten - day period and a 4.6% decrease from the same ten - day period last month [2] - This week, the average含税 cost of steel billets from mainstream sample steel mills in Tangshan was 2,775 yuan/ton, a week - on - week increase of 16 yuan/ton. Compared with the current ex - factory price of common square billets of 2,950 yuan/ton on July 16, the average profit of steel mills was 175 yuan/ton [2] - The finished product continued to adjust and consolidate yesterday. After continuous rebounds, steel prices slowed down in the past two trading days. The latest real - estate data was weak, and demand restrained prices. There are still important domestic meetings recently, and the rebound driven by sentiment is not over [2] Raw Materials - The view is to take a short - term wait - and - see approach or try shorting on rebounds [2]