Recently, expanding domestic demand and promoting consumption has become one of the hot spots of the National Two Sessions. The "Government Work Report" set a target of about 5% GDP growth this year, and proposed to focus on expanding domestic demand and give priority to the recovery and expansion of consumption. Relevant departments will formulate and issue policy documents on restoring and expanding consumption, further boosting market confidence. In addition, with the arrival of the time window of the traditional peak demand season of "Golden Three Silver Four", steel consumption demand maintained a growth trend last week, the market sentiment was optimistic, and steel inventory continued to decline. Rebar, hot-rolled coil, and iron ore futures prices hit new highs. In terms of raw materials and fuels, the price of coke remained stable, the price of scrap steel rose slightly, and the price of iron ore rose sharply in the short term. The supervision may be further strengthened. On the whole, in the short term, high costs and good market sentiment support the strengthening of steel prices. At present, the global manufacturing industry is gradually stabilizing and recovering, the demand for steel continues to recover, and the demand for iron ore is increasing steadily.