Yesterday, rebar futures fluctuated and closed at 2,995, up 0.03% from the previous trading day. Spot prices declined slightly, with overall trading activity remaining weak. On the supply side, there is currently a divergence in the operating conditions of BF and EAF steel mills. Blast furnace steel mills have moderate profits, maintaining a high level of pig iron supply from blast furnaces. In contrast, EAF steel mills are experiencing increased losses, leading to a contraction in electric furnace supply. On the demand side, under hot and rainy weather conditions, outdoor construction activities are restricted, and the weak demand for steel products persists, with the decline in building materials inventory narrowing. Overall, the current steel market maintains a weak balance in supply and demand, and it is expected that spot building materials prices will continue to fluctuate in the short term.