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].

主力资金净流出的行业有24个，国防军工行业主力资金净流出规模居首，全天净流出资金70.52亿元， 其次是有色金属行业，净流出资金为64.83亿元，净流出资金较多的还有电力设备、机械设备、医药生 物等行业。 钢铁行业今日下跌0.83%，全天主力资金净流出7.56亿元，该行业所属的个股共44只，今日上涨的有8 只，涨停的有1只；下跌的有35只。以资金流向数据进行统计，该行业资金净流入的个股有11只，净流 入资金居首的是杭钢股份，今日净流入资金7936.83万元，紧随其后的是方大特钢、河钢资源，净流入 资金分别为2687.31万元、1639.51万元。钢铁行业资金净流出个股中，资金净流出超千万元的有15只， 净流出资金居前的有包钢股份、华菱钢铁、马钢股份，净流出资金分别为4.87亿元、8037.51万元、 5396.86万元。 沪指8月12日上涨0.50%，申万所属行业中，今日上涨的有18个，涨幅居前的行业为通信、电子，涨幅 分别为2.24%、1.88%。跌幅居前的行业为国防军工、钢铁，跌幅分别为1.03%、0.83%。钢铁行业位居 今日跌幅榜第二。 资金面上看，两市主力资金全天净流出301.23亿元，今日有7个行 ...

证券之星消息，8月11日冶钢原料板块较上一交易日上涨1.37%，广东明珠领涨。当日上证指数报收于 3647.55，上涨0.34%。深证成指报收于11291.43，上涨1.46%。冶钢原料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) | | --- | --- | --- | --- | --- | --- | | 600382 | 广东明珠 | 5.76 | 3.41% | 9.83万 | 5623.25万 | | 601969 | 一起越使 | 8.23 | 3.00% | 33.77万 | 2.76亿 | | 001203 | 大中矿业 | 12.30 | 2.07% | 30.92万 | 3.82亿 | | 000655 | 金岭矿业 | 8.64 | 1.89% | 21.08万 | 1.81亿 | | 000629 | 钢钛股份 | 2.75 | 1.48% | 91.14万 | 2.50亿 | | 600516 | 方大灰意 | 4.85 | 0.83% | 15.90万 | 7692.62万 | | 601121 | 宝地矿业 | 6.83 ...

从资金流向上来看，当日冶钢原料板块主力资金净流入4933.71万元，游资资金净流出2980.41万元，散户 资金净流出1953.3万元。冶钢原料板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601121 | 宝地矿业 | 2046.72万 | 8.16% | -742.99万 | -2.96% | -1303.73万 | -5.20% | | 001203 大中矿业 | | 1978.37万 | 7.95% | 207.49万 | 0.83% | -2185.86万 | -8.79% | | 000923 河钢资源 | | 1090.96万 | 8.12% | -1711.05万 | -12.73% | 620.08万 | 4.61% | | 600382 广东明珠 | | 567.00万 | 16.09% | -47.80万 | -1.36% | -519.20万 | -14.74% ...

Market Overview - The steel raw materials sector increased by 0.13% on August 6, with Guangdong Mingzhu leading the gains [1] - The Shanghai Composite Index closed at 3633.99, up 0.45%, while the Shenzhen Component Index closed at 11177.78, up 0.64% [1] Individual Stock Performance - Guangdong Mingzhu (600382) closed at 5.52, with a rise of 0.91% and a trading volume of 71,000 shares, totaling a transaction value of 39.09 million yuan [1] - Fangda Carbon (600516) closed at 4.85, up 0.62%, with a trading volume of 197,100 shares and a transaction value of 95.40 million yuan [1] - Ordos (600295) closed at 10.32, increasing by 0.39%, with a trading volume of 154,200 shares and a transaction value of 159 million yuan [1] - Steel Titanium Co. (000629) closed at 2.70, up 0.37%, with a trading volume of 621,700 shares and a transaction value of 168 million yuan [1] - Hebei Steel Resources (000923) closed at 14.19, with a rise of 0.28%, trading 62,900 shares for a total of 89.26 million yuan [1] Fund Flow Analysis - The steel raw materials sector experienced a net outflow of 85.72 million yuan from institutional investors, while retail investors saw a net inflow of 58.62 million yuan [1] - The individual stock fund flow data indicates that Ordos had a net inflow of 7.06 million yuan from institutional investors, while it faced a net outflow of 24.14 million yuan from speculative funds [2] - Guangdong Mingzhu saw a net outflow of 3.70 million yuan from institutional investors, with a net inflow of 0.84 million yuan from speculative funds [2]

Group 1 - The core viewpoint emphasizes the importance of high-quality development for listed companies in Hebei, driven by a collaborative approach involving multiple stakeholders [1] - The Hebei Securities Regulatory Bureau has initiated a "three-level linkage" mechanism to enhance the efficiency of company visits, resulting in a coverage rate of 85% among listed companies [2] - A total of 70 listed companies have been visited, with 33 issues resolved, showcasing the effectiveness of the initiative [2] Group 2 - The collaborative model integrates regulatory, service, financial, and media resources to support companies, with a focus on policy alignment and financial service customization [3] - The initiative encourages companies to focus on core business areas, enhance market value management, and improve investor communication [3][4] - Specific industries such as electronics and biomedicine are prioritized for visits, with tailored guidance provided to address unique challenges faced by companies [4] Group 3 - Future plans include expanding the coverage of company visits to achieve full coverage within the year and establishing a tracking system for issue resolution [5] - The goal is to leverage capital market policies to support economic growth in Hebei, contributing to the province's development [5]

Group 1 - The steel raw materials sector increased by 0.65% on August 4, with Ordos leading the gains [1] - The Shanghai Composite Index closed at 3583.31, up 0.66%, while the Shenzhen Component Index closed at 11041.56, up 0.46% [1] - Key stocks in the steel raw materials sector showed varied performance, with Ordos rising by 2.30% to a closing price of 10.22 [1] Group 2 - The main capital flow in the steel raw materials sector showed a net inflow of 23.91 million yuan, while retail investors experienced a net outflow of 14.89 million yuan [2] - The overall capital flow indicates a mixed sentiment among different investor types, with institutional investors showing a positive trend [2]

Investment Rating - The report maintains an "Overweight" rating for the steel industry [5]. Core Viewpoints - Demand is expected to gradually bottom out, while supply-side adjustments are beginning to show, indicating that the steel industry is slowly emerging from its low point [3]. - The report anticipates that if supply policies are implemented, the speed of supply contraction will accelerate, leading to a quicker recovery in the industry [3]. - The profitability of steel companies has improved, with the average gross profit per ton of rebar rising to 330.1 CNY/ton, an increase of 131.5 CNY/ton [36]. Summary by Sections Steel Market Overview - Last week, the apparent consumption of five major steel products was 8.6813 million tons, a decrease of 1.98 million tons week-on-week [24]. - The total inventory of steel was 13.365 million tons, down 1.16 million tons week-on-week, maintaining the lowest level for the same period in recent years [5]. - The operating rate of blast furnaces among 247 steel mills was 83.46%, unchanged from the previous week [32]. Raw Materials - The spot price of iron ore increased by 4 CNY/ton to 779 CNY/ton, a rise of 0.52% [48]. - The total inventory of iron ore at ports rose to 137.9038 million tons, a slight increase of 0.04% [49]. - The average available days of imported iron ore for 64 domestic steel companies increased to 21 days, up by 1 day from the previous week [49]. Profitability and Production - The average gross profit for hot-rolled coils rose to 244.1 CNY/ton, an increase of 113.5 CNY/ton [36]. - The profitability rate of 247 steel companies was 63.64%, up 3.47% from the previous week [32]. - The total steel production last week was 8.6697 million tons, a decrease of 1.22 million tons week-on-week [33]. Recommendations - The report recommends focusing on companies with leading technology and product structures, such as Baosteel and Hualing Steel, as well as low-cost firms like Fangda Special Steel and New Steel [5].

金融界消息 截至2025年7月29日收盘，河钢资源（000923）报收于14.5元，上涨0.97%，换手率1.45%， 成交量9.10万手，成交金额1.31亿元。 河钢资源最新一期业绩显示，截至2025一季报，公司营业总收入12.36亿元、同比减少23.32%，归属净 利润1.26亿元，同比减少47.59%，扣非净利润1.26亿元，同比减少48.06%，流动比率8.752、速动比率 7.660、资产负债率22.32%。 天眼查商业履历信息显示，河钢资源股份有限公司，成立于1999年，位于张家口市，是一家以从事黑色 金属冶炼和压延加工业为主的企业。企业注册资本65272.8961万人民币，实缴资本19800万人民币。公 司法定代表人为王耀彬。 通过天眼查大数据分析，河钢资源股份有限公司共对外投资了3家企业，参与招投标项目135次，专利信 息45条，此外企业还拥有行政许可3个。 来源：金融界 资金流向方面，今日主力资金净流出1669.50万元，占比成交额12.71%。其中，超大单净流入222.41万 元、占成交额1.69%，大单净流出1891.91万元、占成交额14.41%，中单净流出流入1576.62万元、占成 ...

Market Overview - The steel raw materials sector increased by 0.68% on July 29, with Ordos leading the gains [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Individual Stock Performance - Ordos (600295) closed at 10.30, up 3.83% with a trading volume of 294,300 shares and a turnover of 301 million yuan [1] - Hebei Steel Resources (000923) closed at 14.50, up 0.97% with a trading volume of 91,000 shares and a turnover of 131 million yuan [1] - Fangda Carbon (600516) closed at 4.94, up 0.82% with a trading volume of 256,500 shares and a turnover of 126 million yuan [1] - Guangdong Mingzhu (600382) closed at 5.50, up 0.73% with a trading volume of 75,400 shares and a turnover of 41.07 million yuan [1] - Hainan Mining (696109) closed at 8.21, up 0.24% with a trading volume of 365,500 shares and a turnover of 301 million yuan [1] - Jinling Mining (000655) closed at 8.43, unchanged with a trading volume of 152,000 shares and a turnover of 128 million yuan [1] - Baodi Mining (601121) closed at 6.51, down 0.15% with a trading volume of 94,100 shares and a turnover of 61.03 million yuan [1] - Steel Titanium Co. (000629) closed at 2.80, down 0.36% with a trading volume of 1,062,400 shares and a turnover of 2.95 million yuan [1] - Dazhong Mining (001203) closed at 12.16, down 1.06% with a trading volume of 176,100 shares and a turnover of 214 million yuan [1] Fund Flow Analysis - The steel raw materials sector experienced a net outflow of 74.95 million yuan from main funds, while retail investors saw a net inflow of 74.04 million yuan [1] - Ordos had a main fund net inflow of 6.24 million yuan, while retail investors contributed a net inflow of 32.98 million yuan [2] - Guangdong Mingzhu saw a main fund net inflow of 4.36 million yuan, but retail investors had a net outflow of 4.89 million yuan [2] - Hainan Mining had a main fund net inflow of 4.00 million yuan, with retail investors contributing a net inflow of 0.87 million yuan [2] - Fangda Carbon experienced a main fund net inflow of 3.34 million yuan, while retail investors had a slight net outflow [2] - Jinling Mining faced a main fund net outflow of 3.11 million yuan, but retail investors had a net inflow of 9.88 million yuan [2] - Baodi Mining had a significant main fund net outflow of 7.05 million yuan, with retail investors contributing a net inflow of 1.58 million yuan [2] - Hebei Steel Resources saw a main fund net outflow of 16.70 million yuan, while retail investors had a small net inflow [2] - Dazhong Mining experienced a main fund net outflow of 27.02 million yuan, but retail investors had a substantial net inflow of 28.58 million yuan [2] - Steel Titanium Co. faced a main fund net outflow of 39.02 million yuan, while retail investors had a net inflow of 22.44 million yuan [2]