钢价偏强运行，行业产能调控再提速

Core Viewpoint - The domestic steel market is experiencing a strong price performance, with various steel products showing price increases over the past week, indicating a positive trend in the industry [1][3]. Price Summary - The average price of rebar is 3259.20 CNY/ton, up by 27.60 CNY/ton (0.85%) from the previous week [1][3]. - The average price of wire rod is 3506.60 CNY/ton, up by 28.80 CNY/ton (0.83%) from the previous week [1][3]. - The average price of hot-rolled sheets is 3331.00 CNY/ton, up by 27.60 CNY/ton (0.84%) from the previous week [1][3]. - The average price of medium and large profiles is 3398.60 CNY/ton, up by 21.20 CNY/ton (0.63%) from the previous week [1][3]. - The average price of welded pipes is 3553.43 CNY/ton, up by 16.14 CNY/ton (0.46%) from the previous week [3]. - The average price of seamless pipes is 4226.43 CNY/ton, up by 0.57 CNY/ton (0.01%) from the previous week [3]. Market Performance - The steel sector index increased by 4.41% over the past week, outperforming the Shanghai Composite Index (1.09%) and Shenzhen Component Index (1.78%) [2]. - Among the sub-sectors, plate, pipe, and special steel saw increases of 5.37%, 3.38%, and 2.12% respectively [2]. - Year-to-date, the plate and special steel sectors have increased by 13.92% and 8.34% respectively [2]. - 39 steel stocks rose this week, with 86.67% of stocks increasing, 2.22% remaining stable, and 11.11% declining [2]. Raw Material Prices - The iron ore market is also showing slight upward movement, with the Platts iron ore price index averaging 96.11 USD/ton, up by 2.02 USD/ton (2.15%) [3]. - The average price of domestic iron ore imports is 689.20 CNY/ton, up by 18.00 CNY/ton (2.68%) [3]. Policy Impact - New policies are set to increase the green electricity consumption ratio in the steel industry to between 25.2% and 70% by 2025, promoting low-carbon development [4]. - The initiative aims to enhance the green electricity consumption in related industries, accelerating the transition to a low-carbon economy [4]. Investment Outlook - The domestic steel market is expected to benefit from improved supply-demand dynamics, with a focus on leading companies in the rebar sector and those in the special steel segment [5]. - The industry is poised for growth due to manufacturing upgrades and AI transformation, supported by new policies [5].