On the supply side, the supply of five major steel products this week was 9.3258 million tons, a decrease of 41,400 tons or 0.4%. The supply of five major steel products continued the downward trend this week. The main reasons for the production reduction are production restrictions, peak-shifting production, poor profitability, product structure adjustments, etc.

n terms of inventory, the inventory of the five major steel products this week totaled 16.1898 million tons, an increase of 179,100 tons from the previous month, an increase of 1.1%. Inventories continued to increase this week, which is obviously related to factors such as poor demand performance in the off-season, slow purchasing pace, extended delivery cycles, and low willingness to stock up.

n terms of consumption, the weekly consumption of the five major categories fell by 0.2% month-on-month this week; among them, the consumption of building materials decreased by 0.6% month-on-month, and the consumption of panels increased by 0.2% month-on-month. Except for rebar and cold-rolled steel, the apparent consumption of other varieties this week is relatively stable, and the short-term consumption performance of flat steel will continue to be better than that of building materials.

Affected by the current "crude steel price limit" news, peak-shifting production, mid-year routine inspections and other factors, the proportion of temporary maintenance/production reduction is dynamically increasing, and the overall supply level is limited and there is insufficient room for growth, which in turn causes off-season inventory to have a negative impact on market confidence. Negative impact. Repression was partially eased. In addition, under the premise of limited supply increment, inventory replenishment in the off-season may be lower than expected, the regularity of superimposed demand will weaken, and the overall fundamental pressure on steel may be lower than expected. Taken together, although the news of layer control has been spread, it will take time to truly realize it.