This week, the ferrous metals series held up well. This week was a week for domestic and overseas macro data. At the beginning of the week, China released supply and demand data, with the supply side showing strength. The growth rate of industrial production was 5.8%. On the demand side, driven by the "trade-in" policy and the 618 shopping festival, demand growth rebounded. However, the growth rates of real estate and investment pulled back. As the week drew to a close, the US Federal Funds target rate remained at 4.25-4.5%, in line with expectations. Overall, domestic and overseas macro data were largely in line with expectations, and market sentiment was more characterized by following the upward trend in commodity prices brought about by the "Israel-Iran conflict." In the spot market, futures rose this week, market sentiment improved, and terminal procurement was somewhat released. However, overall, procurement sentiment remained cautious...