Investment Rating - The industry is rated as "Buy" for several key companies, including Xining Special Steel, Nanjing Steel, Hualing Steel, and Baosteel [8]. Core Viewpoints - The market remains in a state of fluctuation, with the non-ferrous sector outperforming the black metal sector. Financial attributes of metals like gold, silver, and copper are expected to benefit from the current economic conditions [2]. - The macroeconomic policies are showing effectiveness, with the manufacturing PMI rising to 49.5% in May, indicating an overall expansion in economic output [4][12]. - The steel industry is experiencing a divergence in profitability across the black metal supply chain, with some companies undervalued and presenting good strategic investment opportunities [2][4]. Supply Analysis - Daily molten iron production has slightly decreased to 2.417 million tons, with a minor decline in the utilization rate of blast furnaces to 90.6% [3][11]. - The total inventory of steel has decreased by 0.1%, with a narrowing decline rate of 2.2 percentage points [23][25]. Demand Analysis - Apparent consumption of the five major steel products has weakened, with rebar consumption dropping by 7.9% week-on-week [38][49]. - The average weekly transaction volume for construction steel has increased by 2.0% [40]. Raw Material Analysis - Iron ore prices have declined, with the Platts 62% iron ore price index at $96.1 per ton, down 0.7% week-on-week [57]. - The average daily iron ore import volume at 45 ports has increased by 17.9% week-on-week [57]. Price and Profit Analysis - Steel prices are showing a slight improvement, with the current spot price for rebar in Beijing at 3,170 RMB per ton, up 1.9% week-on-week [73]. - The immediate gross profit for long-process rebar is reported at -134 RMB per ton, indicating a slight improvement in margins [72][73].

A股钢铁板块持续走低，本钢板材跌超7%，马钢股份跌超4%，新钢股份、柳钢股份、首钢股份、华菱 钢铁跟跌。 ...

证券代码：600782 证券简称：新钢股份 公告编号：临2025-041 新余钢铁股份有限公司 了《关于公司 <首期 a="A" ensp="ensp" 股限制性股票激励计划="股限制性股票激励计划" 草案="草案"> 及其摘要的议 案》等议案；2025 年 4 月 25 日，公司召开第十届董事会第八次会议、 第十届监事会第八次会议，审议通过了《关于公司首期 A 股限制性股 票激励计划（草案修订稿）及其摘要的议案》等议案，具体内容请详 见公司于 2025 年 1 月 2 日和 2025 年 4 月 26 日在上海证券交易所网 站（www.sse.com.cn）披露的相关公告。 近日，公司收到中国宝武集团有限公司（以下简称"宝武集团"） 转发的国务院国有资产监督管理委员会出具的《关于新余钢铁股份有 限公司实施限制性股票激励计划的批复》（国资考分2025160 号）， 国务院国资委原则同意公司实施首期限制性股票激励计划。 公司本次限制性股票激励计划相关事宜尚需提交公司股东大会 审议。公司将根据该事项的进展情况，及时履行信息披露义务，敬请 投资者注意投资风险。 特此公告！ 新余钢铁股份有限公司董事会 关于首期限制性 ...

近日，公司收到中国宝武集团有限公司（以下简称"宝武集团"） 转发的国务院国有资产监督管理委员会出具的《关于新余钢铁股份有 限公司实施限制性股票激励计划的批复》（国资考分[2025]160 号）， 国务院国资委原则同意公司实施首期限制性股票激励计划。 公司本次限制性股票激励计划相关事宜尚需提交公司股东大会 审议。公司将根据该事项的进展情况，及时履行信息披露义务，敬请 投资者注意投资风险。 证券代码：600782 证券简称：新钢股份 公告编号：临2025-041 新余钢铁股份有限公司 关于首期限制性股票激励计划获得批复的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2024 年 12 月 31 日，新余钢铁股份有限公司（以下简称"公司"） 召开第十届董事会第四次会议、第十届监事会第四次会议，审议通过 了《关于公司<首期 A 股限制性股票激励计划（草案）>及其摘要的议 案》等议案；2025 年 4 月 25 日，公司召开第十届董事会第八次会议、 第十届监事会第八次会议，审议通过了《关于公司首期 A 股限制性股 票激励计划（草 ...

Investment Rating - The report maintains an investment rating of "Positive" for the steel industry, consistent with the previous rating [2]. Core Viewpoints - The overall profit from blast furnace steel production is considered satisfactory, and the profit recovery for general steel companies may accelerate [3]. - Despite facing supply-demand contradictions, the steel industry's overall profit is expected to decline, but with the implementation of various "stability growth" policies, steel demand is anticipated to remain stable or slightly increase [4]. - The report highlights that general steel companies, which are less affected by export tariffs, may see significant performance improvements due to the marginal recovery in demand from the real estate and infrastructure sectors [4]. Summary by Sections 1. Market Performance - The steel sector declined by 0.94% this week, underperforming the broader market, with specific declines in special steel (0.28%), long products (0.36%), and flat products (1.21%) [3][11]. 2. Supply Data - As of May 23, the average daily pig iron production was 2.436 million tons, a week-on-week decrease of 1.17 tons, but a year-on-year increase of 6.71 tons [28]. - The capacity utilization rate for blast furnaces was 91.3%, down 0.44 percentage points week-on-week, while electric furnace utilization increased by 2.93 percentage points to 59.5% [28]. 3. Demand Data - The consumption of five major steel products was 9.046 million tons, a week-on-week decrease of 92,000 tons, reflecting a 1.01% decline [37]. - The transaction volume of construction steel by mainstream traders was 95,000 tons, down 1.47 tons week-on-week, marking a 13.33% decrease [37]. 4. Inventory Data - Social inventory of five major steel products was 9.606 million tons, a week-on-week decrease of 331,000 tons, or 3.33% [45]. - Factory inventory increased slightly to 4.38 million tons, up 0.99 tons week-on-week, but down 6.67% year-on-year [45]. 5. Price Trends - The comprehensive index for general steel was 3,452.2 yuan/ton, down 33.36 yuan/ton week-on-week, a decrease of 0.96% [51]. - The comprehensive index for special steel was 6,652.6 yuan/ton, down 3.32 yuan/ton week-on-week, a decrease of 0.05% [51]. 6. Profitability - The profit for rebar from blast furnaces was 88 yuan/ton, down 15 yuan/ton week-on-week, a decline of 14.56% [59]. - The average profit margin for 247 steel companies was 59.74%, an increase of 0.4 percentage points week-on-week [59]. 7. Investment Recommendations - The report suggests focusing on regional leading companies with advanced equipment and environmental standards, as well as companies benefiting from the new energy cycle and those with strong cost control [4].

江西华邦律师事务所 关于新余钢铁股份有限公司 2024年年度股东大会的法律意见书 致：新余钢铁股份有限公司 江西华邦律师事务所（以下称"本所"）接受新余钢铁股份有限公司（以下称 "公司"）的委托，指派本所律师出席公司2024年年度股东大会（以下称"本次股 东大会"），对本次股东大会的合法合规性进行见证。 本所律师根据《中华人民共和国公司法》（以下称"《公司法》"）、《上市 公司股东会规则》（以下称"《股东会规则》"）等法律、法规和规范性法律文件 以及《新余钢铁股份有限公司章程》（以下称"《公司章程》"）的规定，就公司 本次股东大会的召集、召开程序、出席会议人员的资格、召集人的资格、表决程序 和表决结果等有关事宜出具本法律意见书。 本法律意见书仅供公司本次股东大会相关事项的合法性之目的使用，不得用作 任何其他目的，本所律师同意将本法律意见书随公司本次股东大会决议一起予以公 告，并依法对本法律意见书承担相应的责任。 按照律师行业公认的业务标准、道德规范和勤勉尽责精神，本所律师对本次股 东大会的相关资料和事实进行了核查和验证，现发表法律意见如下： 一、本次股东大会的召集、召开程序 1、根据公司第十届董事会第七次会议 ...

重要内容提示： 本次会议是否有否决议案：无 一、会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 240 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,591,514,591 | | 3、出席会议的股东所持有表决权股份数占公司有表 | | | 决权股份总数的比例（%） | 50.5941 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，股东会 主持情况等。 证券代码：600782 证券简称：新钢股份 公告编号：临 2025-040 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 新余钢铁股份有限公司 2024年年度股东会决议公告 本次会议由董事会召集，董事长刘建荣先生主持，以现场投票与 网络投票相结合的方式召开。会议的召集、召开及表决方式符合《公 司法》及《公司章程》的规定。 (一) 股东会召开的时间：2025 年 5 月 20 日 (二) 股东会召开的地点：江西省新余市渝水区公司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有 股份情况： ...

Investment Rating - The report maintains a "Buy" rating for the steel industry, suggesting a positive outlook for the sector [4]. Core Insights - The crude steel production in April 2025 remained flat year-on-year at 86.02 million tons, with a daily average production of 2.867 million tons, reflecting a month-on-month decrease of 4.3% [2][7]. - The steel industry's profitability has improved, with the profit ratio of steel mills rising to 59.3% as of May 16, 2025, driven by falling raw material prices [2]. - The net financing of local government bonds reached 528.1 billion yuan in April 2025, indicating a significant increase in fiscal spending, which is expected to support demand in the steel sector [2][3]. - The apparent consumption of steel in April 2025 was 76.08 million tons, slightly down by 1.7% year-on-year, influenced by uncertainties from US-China tariff disputes [2][3]. Summary by Sections Production and Consumption - In April 2025, the production of pig iron was 72.58 million tons, up 0.7% year-on-year, while steel production increased by 6.6% to 125.09 million tons [7]. - The manufacturing purchasing managers' index (PMI) was at 49.0%, indicating a slight contraction, while the non-manufacturing PMI remained in the expansion zone at 50.4% [2]. Export and Import Dynamics - Steel exports in April 2025 reached 9.94 million tons, a year-on-year increase of 16%, benefiting from price advantages [3][7]. - Iron ore imports rose by 1.3% year-on-year to 103.14 million tons in April 2025, although overall iron ore imports for the first four months decreased by 5.5% [7]. Policy and Economic Outlook - The Central Political Bureau emphasized the need for proactive macroeconomic policies, including increased fiscal spending and monetary easing to support the economy [3]. - The report suggests that with the anticipated improvement in demand and supply-side adjustments, the long-term fundamentals of the steel industry are expected to improve [3]. Investment Recommendations - The report recommends stocks such as Hualing Steel, Nanjing Steel, Baosteel, and others, highlighting their potential benefits from the current economic conditions and demand recovery [8][9].

5月1 9日，《旋风少女》编剧祝明公开发文质疑 虞书欣家庭背景及影视行业"家境富裕人设"现象引发热议。 其发文称，"早就等着扒她家的瓜 了，该来的终归要来的。影视行业所有卖家境富裕人设的，顺着查一遍，9 9 . 9 9 9 9 9％都有料"。 1 9日下午，北京道章律师事务所晒出名誉维权案件声明，称依法接受女星虞书欣爸爸虞丕杰先生委托， 对网传其"侵吞国有资产1 5亿" "官商勾 结"等不实言论进行维权取证，将起诉具有严重侵权行为的实名认证主体。 新余钢铁集团最新回应 此外，有网友称，演员虞书欣爷爷为新余钢铁工会主席，父母经营钢铁公司，按照法律家属不可以从事相关产业。 理，已经将情况上报到省里去了。" 天眼查信息显示，引发争议的公司是新余新钢矿业有限公司，于2 0 1 7年注销，新余钢铁集团有限公司持股5 1%，新余市华尚矿业有限公司持股 4 9%，而新余市华尚矿业有限公司的法人为刘劲峰，持股6%，而网传为虞书欣父亲的"虞丕杰"持股4 8%。 虞书欣父亲名下关联1 3家公司 天眼查信息显示，虞书欣关联3家公司，仅虞书欣（天津）影视文化工作室存续，虞书欣担任投资人持股1 0 0%。 据潇湘晨报报道，1 9日记者 ...

Investment Rating - The report maintains a "Positive" investment rating for the non-ferrous and steel industry [5]. Core Viewpoints - The report emphasizes the importance of closely monitoring investment opportunities in strategic metals such as rare earths, especially following significant price increases in overseas markets due to China's export controls [8][13]. - In the steel sector, there has been a notable increase in rebar consumption and a slight rise in overall steel prices, indicating a positive trend in demand [14][38]. Summary by Sections 1. Core Viewpoints: Focus on Strategic Metals - The report highlights the strategic importance of rare earth metals, particularly in light of recent U.S.-China trade discussions that aim to reduce tariffs, which could enhance global economic recovery [8][13]. - Following China's export restrictions on heavy rare earths, overseas prices have surged, with dysprosium and terbium prices in Europe increasing nearly threefold [8][13]. 2. Steel Sector: Price Trends - Rebar consumption has risen significantly, with a reported consumption of 2.6 million tons, marking a 21.69% increase week-on-week [14][18]. - The overall steel price index has seen a slight increase of 0.92%, with hot-rolled coil prices rising to 3,320 CNY/ton, a 1.40% increase, and cold-rolled prices at 3,767 CNY/ton, a 1.31% increase [14][38]. 3. New Energy Metals: Supply and Price Declines - Lithium production in April 2025 was reported at 70,640 tons, a year-on-year increase of 40.38%, but with a slight month-on-month decline [15][42]. - Nickel production has seen a significant year-on-year decrease of 14.18%, while cobalt prices have shown a downward trend [15][44]. 4. Industrial Metals: Copper and Aluminum - Copper smelting fees have slightly increased, with the LME aluminum price settling at 2,474 USD/ton, reflecting a minor week-on-week rise of 0.20% [16]. - The production costs for electrolytic aluminum have decreased significantly, leading to increased profitability for producers [16][28]. 5. Precious Metals: Market Adjustments - Gold prices have experienced a notable decline of 3.72% week-on-week, attributed to reduced demand for safe-haven assets following positive developments in U.S.-China relations [17].