Plate social inventory fell, prices rose. Steel inventories this week fell 163,400 tons to 973.07 million tons, of which hot volume fell 110,800 

tons to 2.4890 million tons; cold rolled down 10,300 tons to 1.133 million tons; in the plate fell 40,700 tons to 1023,600 tons. Heat volume 

prices continue to rise this week, the Shanghai region rose 50 yuan / ton to 3380 yuan / ton. This week, plate prices rebounded, the 

Shanghai region rose 20 yuan / ton to 3300 yuan / ton. Cold rolled prices rebounded this week, Shanghai rose 30 yuan / ton to 3830 

yuan / ton. Galvanized prices rebounded this week, Shanghai rose 20 yuan / ton to 4480 yuan / ton.

Off-season is expected to gradually cash, rebar prices fall. This week, rebar prices fell slightly, the Shanghai area fell 130 yuan / ton to 

3470 yuan / ton. Prices rose this week, the Shanghai area fell 130 yuan / ton to 3560 yuan / ton. This week rebar production increased 

by 25,500 tons to 3.2881 million tons this week, wire production increased by 07,900 tons to 1,444,200 tons. This week the threaded 

social stocks rose 0.25 million tons to 3.899 million tons, wire social stocks fell 0.32 million tons to 1.1929 million tons.

Raw materials stabilized rebound, port inventories continued to rise. In the main coking coal production and Hebei coking enterprises 

under the influence of price increases, coking coal coke spot prices stabilized. Hebei this week, the main coking car price 1260 yuan /

 ton flat last week, Shanxi metallurgical coke 1550 yuan / ton unchanged from last week. Platts 62% ore index rose 1.55 US dollars /

 ton to US $ 57.15 / ton, Tangshan 66% iron powder prices remained at 615 yuan / ton. Port spot prices are relatively stable, Qingdao 

PB powder ore prices rose 3 yuan / wet ton to 428 yuan / wet tons. This week the port stocks rose 3.03 million tons to 145 million tons, 

the average daily increase in port capacity of 12.28 million tons to 288.81 million tons.

Industry recommended rating. Rebar profits remain high, hot coil profits continue to repair, the steel industry profits will be more than

 expected, the proposed focus on product structure in the high proportion of steel enterprises in the investment opportunities. Maintain

 the steel industry recommended rating.