According to the China Iron and Steel Association, in the first ten days of May 2025, key statistical steel enterprises produced a total of 22.05 million tons of crude steel, 

with an average daily output of 2.205 million tons, representing a month-on-month increase of 0.2%. Pig iron was 19.9 million tons, with an average daily output of 1.99 million tons. 

The daily output increased by 1.6% compared with the previous period. Steel production was 20.83 million tons, with an average daily output of 2.083 million tons. The daily output 

decreased by 8.4% compared with the previous period. Based on this estimation, the national daily output of crude steel in this ten days was 2.8 million tons, an increase of 0.2% compared 

with the previous period; the daily output of pig iron was 2.4 million tons, an increase of 1.6% compared with the previous period; and the daily output of steel was 4.12 million tons, a 

decrease of 1.0% compared with the previous period.

In the first ten days of May 2025, the steel inventory of key statistical steel enterprises was 16.06 million tons, an increase of 770,000 tons compared with the previous ten days, representing 

a growth of 5.0%. It increased by 3.69 million tons compared with the beginning of the year, growing by 29.8%. It increased by 20,000 tons compared with the same ten days of last month, 

representing a growth of 0.1%. It decreased by 220,000 tons compared with the same period last year, a decline of 1.4%, and decreased by 1.55 million tons compared with the same period 

the previous year, a decline of 8.8%. In the first ten days of May, among the six major regions, except for the steel inventories of key enterprises in the northwest region which decreased compared 

with the previous ten days, the inventories in other regions all increased to varying degrees.

Rebar 2510 closed at 3,127 yuan per ton, up 1.23%, with an open interest of 2,111,525 lots, a decrease of 39,651 lots compared to the previous trading day. Iron ore 2509 closed at 737.0 yuan per ton, 

up 2.43%, with an open interest of 744,359 lots, an increase of 300,334 lots compared to the previous trading day. Trading sentiment was active in the market during the day. The price of screw ore 

was relatively strong throughout the day, and the main contract of iron ore reached a new high since the Qingming Festival holiday. The RB2510 trading position ranking shows that the top 20 futures 

seats have a long position of 1,323,132 lots, the top 20 futures seats have a short position of 1,302,920 lots, and the net position is 20,212 lots, which is in a net long state. Steel mills continued to maintain 

a high level of production enthusiasm. Data from the China Iron and Steel Association shows that in the first ten days of May, key statistics of steel enterprises produced a total of 22.05 million tons of 

crude steel, an increase of 0.2% compared with the previous period. A total of 20.83 million tons of steel were produced, a decrease of 8.4% compared with the previous period. The recovery of market 

sentiment and the upward shift of the price center of furnace materials may support the strengthening of rebar. Pay attention to the supply and demand situation and inventory of rebar to be announced 

by Mysteel tomorrow.