The main contradiction of the current market is the imbalance between supply and demand caused by weak demand, and the root cause of weak demand is the downstream funding problem. The downstream capital turnover is slow, the project duration is prolonged, and the demand release is delayed, which leads to the obvious weakening of the characteristics of the off-peak season of the market. In recent years, the steel market has shown the characteristics of "peak season is not prosperous, off-season is not light", this year's "gold three" completely failed, "silver four" did not have the scene of volume and price rise, and according to the data in May, the demand is almost the same as in April.

The first is rebar demand performance, from mid-March to the end of May, rebar consumption basically maintained at the level of 2.8 million tons, although compared with the same period in previous years is still down a lot, but the recent quarter point of view demand to maintain strong toughness.

Secondly, according to Mysteel research, the overall order volume of the downstream manufacturing industry is still acceptable, large steel structure enterprises are performing well, the daily consumption of raw materials rose 3.64% month-on-month, and the industry fundamentals are still supported; The demand for construction machinery industry increased, the stock of raw materials increased by 6.20%, and the overall inventory digestion speed gradually accelerated; The activity of replacing old with new in the home appliance retail market remained active, the inventory of raw materials increased by 3.48% month-on-month, and the daily consumption of raw materials in the market increased by 9.46% month-on-month.