PACIFIC SECURITIES(SH:601099) Xin Lang Cai Jing·2025-04-19 14:26Market Overview - On April 18, 2025, the steel industry sector saw an overall increase, with the Shanghai Composite Index at -0.11%, Shenzhen Component Index at +0.23%, ChiNext Index at +0.27%, STAR Market 50 at -0.81%, and CSI 300 at +0.01% [1] Stock Performance - The top three gainers in the steel sector were: Shougang Corporation (+3.88%), CITIC Special Steel (+1.92%), and Jiuli Special Materials (+1.72%) [2] - The top three decliners were: Honghai Technology (-3.95%), Daye Shares (-3.49%), and Shengde Xintai (-3.48%) [3] Industry Data - Futures prices showed slight changes: Rebar at 2510 (-0.03%), Wire Rod at 2505 (+0.48%), Hot Rolled Coil at 2510 (+0.03%), Iron Ore at 2509 (+0.35%), Coking Coal at 2509 (+0.90%) [4] - Product price changes included: Iron Ore (+1.35%), Wire Rod (+0.52%), Hot Rolled Coil (+0.22%), Rebar (+0.39%), Coking Coal (+0.17%), and Coking Coal (-0.14%) [4] - Current steel prices (CNY/ton) are: Iron Ore (715.37), Wire Rod (3357.41), Hot Rolled Coil (3182.57), Rebar (3071.09), Coking Coal (1552.94), and Coking Coal (935.93) [4] Industry News - The Ministry of Industry and Information Technology reported that the steel industry is operating steadily, with corporate profits gradually improving. In Q1, key steel enterprises saw a 9.6% decrease in operating costs year-on-year, and the sales profit margin increased by 0.67 percentage points [6] - The steel industry experienced mixed production results in Q1, with crude steel production at 259 million tons, a slight increase of 0.6% year-on-year, while rebar production decreased by 2.9% to 48.11 million tons [6] Company Announcements - Baosteel Co., Ltd. will acquire a 49% stake in Maanshan Steel through cash capital increase, reducing Maanshan Steel's stake to 51%. This transaction is part of the Baowu Group's integration strategy in the steel sector [7] - Baotou Steel's 2024 net profit turned to a loss, reporting a revenue of 68.089 billion CNY and a net loss of 42.16 million CNY. The company aims to increase iron production to 14.62 million tons in 2025 [7] - Shougang Corporation released its 2024 sustainability report, identifying 30 high-relevance ESG issues and achieving significant ESG rating improvements, including EcoVadis silver certification [8]