New Stock Listings - Zhigao Machinery listed on August 14, 2025, with an issuance price of 17.41[1] - China Shipbuilding (stock code: 600150) has a buyout request period from August 13 to August 15, 2025[1] - Shinke Co. (stock code: 002633) has a tender offer period from July 29 to August 27, 2025[1] Tender Offers and Mergers - ST Kelly (stock code: 300326) has a tender offer period from July 17 to August 15, 2025[1] - Fushun Special Steel (stock code: 600399) has a tender offer period from August 12 to September 10, 2025[1] - China Heavy Industry (stock code: 601989) is involved in a merger announcement[1] Market Volatility - Longhua Technology (stock code: 603280) reported severe abnormal fluctuations[1] - Guochuang Gold Control (stock code: 002670) has been flagged for abnormal trading activity[1] - ST Keli Da (stock code: 600410) is also noted for significant price volatility[1]

证券之星消息，8月13日特钢板块较上一交易日下跌0.43%，方大特钢领跌。当日上证指数报收于 3683.46，上涨0.48%。深证成指报收于11551.36，上涨1.76%。特钢板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600507 | 方大特钢 | 6.16 | -2.38% | 32.87万 | 2.04亿 | | 002075 | 沙钢股份 | 6.81 | -1.73% | 118.07万 | 8.12亿 | | 002443 | 金洲管道 | 6.97 | -1.41% | 0 11.28万 | 7883.56万 | | 300881 | 盛德整泰 | 36.84 | -1.07% | 2.77万 | 1.02亿 | | 600117 | 西宁特钢 | 3.79 | -0.26% | 135.41万 | 5.16亿 | | 000825 | 太钢不锈 | 4.24 | -0.24% | 27.26万 | 1.16亿 | | 000708 | 中信特钢 | 1 ...

Core Viewpoint - The non-alloy steel industry in China plays a crucial role in national economic construction, showing steady growth and quality improvement through optimized smelting processes and innovative heat treatment technologies [1][15]. Industry Overview - Non-alloy steel, also known as carbon steel, is primarily composed of iron and carbon, with a carbon mass fraction not exceeding 0.8% [4]. - The production of non-alloy steel in China increased from 33.11 million tons in 2015 to 43.71 million tons in 2024, with a compound annual growth rate (CAGR) of 3.14% [1][15]. - The industry is expected to accelerate production process innovation and product structure optimization under the "dual carbon" goals and green manufacturing concepts [1][15]. Policy Environment - The non-alloy steel sector is supported by national policies aimed at promoting high-performance special steel and optimizing the steel product structure [6][7]. - Recent policies include the "2024-2025 Energy Saving and Carbon Reduction Action Plan" and guidelines for upgrading equipment in key industrial sectors [6][7]. Industry Chain - The upstream of the non-alloy steel industry includes raw material supply such as iron ore and coke, which directly impacts the performance of final products [9]. - The midstream focuses on the production processes, including ironmaking, steelmaking, continuous casting, and rolling, which are critical for value creation [9]. - The downstream applications are diverse, serving sectors like construction, transportation, machinery manufacturing, and petrochemicals [9]. Market Dynamics - The market for iron ore in China is projected to grow, with production increasing from 763 million tons in 2018 to 1.042 billion tons in 2024, reflecting a CAGR of 5.33% [11]. - The construction industry in China is also expanding, with total output value expected to rise from 21.39 trillion yuan in 2017 to 32.65 trillion yuan in 2024, a CAGR of 6.22% [13]. Key Companies - Major companies in the non-alloy steel industry include Fushun Special Steel, Jiangsu Shagang Group, and Tianjin Steel Group, among others [2][3][19]. - Fushun Special Steel reported a revenue of 8.373 billion yuan in 2024, focusing on high-temperature alloys and high-strength steel [21]. - Fangda Special Steel's revenue in 2024 was 21.177 billion yuan, with a focus on rebar and automotive components [23]. Development Trends - The industry is shifting towards high-performance and high-value-added products to meet the demands of high-end manufacturing and emerging fields [25]. - Green and low-carbon transformations are being prioritized, with an increase in the use of short-process electric furnaces and recycling technologies [26]. - Digitalization and intelligent technologies are being integrated into the production process to enhance efficiency and product quality [27].

Market Overview - The special steel sector experienced a decline of 0.52% on August 12, with Xining Special Steel leading the drop [1] - The Shanghai Composite Index closed at 3665.92, up 0.5%, while the Shenzhen Component Index closed at 11351.63, up 0.53% [1] Stock Performance - Notable stock performances include: - Xianglou New Material (301160) closed at 67.18, up 1.11% with a trading volume of 49,900 shares and a transaction value of 337 million [1] - Jinzhu Pipeline (002443) closed at 7.07, up 0.71% with a trading volume of 176,300 shares [1] - Xining Special Steel (600117) closed at 3.80, down 3.06% with a trading volume of 1,569,500 shares and a transaction value of 602 million [2] Capital Flow - The special steel sector saw a net outflow of 11.4651 million from institutional investors and 24.801 million from speculative funds, while retail investors had a net inflow of 36.2661 million [2] - Detailed capital flow for specific stocks includes: - Fangda Special Steel (600507) had a net outflow of 44.5179 million from institutional investors [3] - Xianglou New Material (301160) saw a net inflow of 15.41 million from institutional investors [3] - Sand Steel (002075) experienced a significant net outflow of 20.4262 million from institutional investors [3]

New Stock Issuance - Hongyuan Co., Ltd. (stock code: 920018) issued shares at a price of 9.17 on August 11, 2025[1] - China Shipbuilding Industry Corporation (stock code: 600150) has a cash acquisition request period from August 13 to August 15, 2025[1] - ST Kelly (stock code: 300326) has a tender offer period from July 17 to August 15, 2025[1] Rights and Announcements - China Heavy Industry (stock code: 601989) has a cash option declaration period starting August 13, 2025[1] - Fushun Special Steel (stock code: 600399) has a tender offer period from August 12 to September 10, 2025[1] - North Long Dragon (stock code: 301357) has an announcement link for further details[1] Market Volatility - Several stocks, including ST Xifa (stock code: 000752) and ST Aowei (stock code: 002231), are under observation for significant price fluctuations[1] - The report highlights abnormal fluctuations in stocks such as ST Songfa (stock code: 603268) and ST Yancheng (stock code: 603063)[2]

Investment Rating - The report maintains a "Buy" rating for several steel companies, including Hualing Steel, Baosteel, Nanjing Steel, and others, based on their projected earnings and valuation metrics [3]. Core Viewpoints - Steel demand is entering a seasonal downturn, with a focus on production restrictions in North China. The recent announcement of new coal safety regulations has led to rising prices in the coking coal sector. Despite high supply levels, steel mill profits are declining. Anticipation of production cuts around the September 3 military parade may temporarily suppress steel supply [3][6]. - Long-term capacity management remains a key theme, with a combination of market-oriented and administrative measures expected to optimize crude steel supply. The gradual release of new iron ore capacity is anticipated to restore profitability for steel companies [3][6]. Summary by Sections Price Trends - As of August 8, 2025, steel prices showed mixed trends. The price of 20mm HRB400 rebar in Shanghai was 3,330 CNY/ton, down 20 CNY/ton from the previous week. Hot-rolled steel increased by 40 CNY/ton to 3,470 CNY/ton, while cold-rolled steel rose by 10 CNY/ton to 3,870 CNY/ton [1][9]. Production and Inventory - The total production of five major steel varieties reached 8.69 million tons, an increase of 17,900 tons week-on-week. Rebar production rose by 101,200 tons to 2.2118 million tons. Total social inventory increased by 201,600 tons to 9.6149 million tons [2][3]. Profitability - Steel profits have decreased, with estimated gross margins for rebar, hot-rolled, and cold-rolled steel declining by 67 CNY/ton, 16 CNY/ton, and 28 CNY/ton respectively. Electric arc furnace steel margins also fell by 22 CNY/ton [1][3]. Investment Recommendations - The report recommends several companies for investment: Hualing Steel, Baosteel, Nanjing Steel in the flat steel sector; Xianglou New Materials, CITIC Special Steel, Yongjin Co. in the special steel sector; and Jiuli Special Materials, Youfa Group, Wujin Stainless in the pipe materials sector. It also suggests monitoring high-temperature alloy companies like Fushun Special Steel [3][6].

New Stock Listings - Tianfu Long (603406) issued at a price of 23.60[1] - Youli Intelligent (920007) issued at a price of 23.99[1] Rights Issues and Announcements - China Heavy Industry (601989) cash option declaration period from August 13, 2025[1] - China Shipbuilding (600150) acquisition request period from August 13 to August 15, 2025[1] - Shenkai Co., Ltd. (002633) offer declaration period from July 29 to August 27, 2025[1] - ST Kelly (300326) offer period from July 17 to August 15, 2025[1] - Fushun Special Steel (600399) offer period from August 12 to September 10, 2025[1] Abnormal Fluctuations - Multiple stocks reported abnormal fluctuations, including *ST Yushun (002289) and Changcheng Military Industry (601606)[2][3] - Notable fluctuations also reported for companies like Li De Man (300289) and Dongjie Intelligent (300486)[3]

Group 1: New Stock Issuances - China Heavy Industry (601989) has a cash option declaration period from August 13, 2025[1] - China Shipbuilding (600150) has a buyback request period from August 13 to August 15, 2025[1] - Shenkai Co. (002633) has a tender offer period from July 29 to August 27, 2025[1] Group 2: Tender Offers and Mergers - ST Kelly (300326) has a tender offer period from July 17 to August 15, 2025[1] - Fushun Special Steel (600399) has a tender offer period from August 12 to September 10, 2025[1] - China Heavy Industry (601989) is involved in an absorption merger[1] Group 3: Abnormal Fluctuations - Tianlu Convertible Bond (110060) reported severe abnormal fluctuations on July 30, 2025[2] - Henghe Precision (300539) reported abnormal fluctuations on July 29, 2025[2] - ST Suwu (600200) reported abnormal fluctuations on August 6, 2025[2]

Group 1 - The A-share market saw a collective decline in steel stocks, with Xining Special Steel approaching the limit down and Liugang Co. falling over 3% [1] - Other companies such as Antai Group, Anyang Iron & Steel, Farsen, Linggang Co., Benxi Steel, Fushun Special Steel, Shengde Xintai, and Saifutian also experienced declines exceeding 2% [1] Group 2 - Xining Special Steel reported a decline of 9.35% with a total market value of 12.6 billion [2] - Liugang Co. decreased by 3.22% with a market capitalization of 15.4 billion [2] - Antai Group fell by 2.98% with a market value of 2.296 billion [2] - Anyang Iron & Steel decreased by 2.92% with a market capitalization of 6.693 billion [2] - Farsen dropped by 2.46% with a market value of 1.833 billion [2] - Linggang Co. saw a decline of 2.37% with a market capitalization of 5.875 billion [2] - Benxi Steel decreased by 2.30% with a market value of 15.7 billion [2] - Fushun Special Steel fell by 2.11% with a market capitalization of 11 billion [2] - Shengde Xintai dropped by 2.10% with a market value of 4.004 billion [2] - Jifuda experienced a decline of 2.09% with a market capitalization of 2.288 billion [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 股票代码：600399 股票简称：抚顺特钢 编号：临2025-031 抚顺特殊钢股份有限公司 关于收到要约收购报告书的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗漏， 并对其内容的真实性、准确性和完整性承担个别及连带责任。 ●重要内容提示： 1.本次要约收购的收购主体为宁波梅山保税港区锦程沙洲股权投资有限公司（以下简称"锦程沙 洲"或"收购人"），要约收购的目的是基于锦程沙洲发展战略以及对抚顺特殊钢股份有限公司（以下简 称"公司"）价值及其未来发展前景的认同，通过本次要约收购进一步提升对公司的持股比例，增强公司 股权结构稳定性。本次要约类型为主动要约，并非履行法定要约收购义务。 2.截至《抚顺特殊钢股份有限公司要约收购报告书》（以下简称"《要约收购报告书》"）签署日，锦程 沙洲及其一致行动人合计持有上市公司591,510,944股无限售条件流通股，占公司总股本29.99%，其 中：锦程沙洲直接持有公司11,434,500股无限售条件流通股，占公司总股本的0.58%；东北特殊钢集团 股份有限公司持有公司275 ...