[rebar prices continue to decline: steel companies reduce inventory and prudently schedule production] FAP, since mid-March this year, domestic steel prices have fluctuated and weakened for two consecutive months, with rebar futures prices falling from 4328 yuan per ton in mid-March to 3670 yuan per ton on May 13. The director of a steel rolling mill in Tangshan, Hebei Province, said that May is usually the time when the peak season of the iron and steel industry changes to the off-season. At present, the company has three production lines to produce rebar, with a daily output of about 9000 tons. Due to the influence of the market, the demand for large orders decreases. In order to reduce inventory, we carefully schedule production and produce on demand. The head of the supply department of a steel company in Tangshan, Hebei province, said that at present, the overall inventory is basically maintained at about 10 to 15 days. Now raw material prices are also falling, steel prices are also falling, steel mills continue to be on the brink of profit and loss. (CCTV Finance)