Looking ahead to July, the domestic steel market will fully enter the traditional off-season for consumption, with an overall market trend dominated by structural bottoming out. As the southern region enters the rainy season and the northern region faces persistent high temperatures, severe weather conditions will directly constrain outdoor infrastructure and construction project progress, causing demand for construction-related steel to plummet to its lowest point of the year. Consequently, market inventories will modestly accumulate, while prices for construction steel such as rebar are likely to remain weak and fluctuate. However, demand for industrial steel remains robust. With the continued release of benefits from policies aimed at stabilizing manufacturing growth, demand for plate steel in manufacturing sectors remains strong, potentially widening the price gap between construction steel and plate steel. In summary, the steel market in July will experience a traditional off-season, characterized by a temporary contraction in supply and cost-driven support at the bottom. The domestic steel market is expected to continue its downward and fluctuating trend. (Source: Lange Steel Network)