Group 1 - Steel stocks experienced a broad increase in early trading, with Chongqing Steel rising by 2.92% to HKD 1.41, Maanshan Steel up by 1.61% to HKD 2.52, and China Hanking increasing by 1.1% to HKD 3.67 [1] - The Ministry of Industry and Information Technology and other departments issued the "Steel Industry Growth Stabilization Work Plan (2025-2026)" on September 22, setting an annual growth target of around 4% for the steel industry's added value over the next two years [1] - The plan emphasizes "stabilizing growth and preventing internal competition" as its core, guiding structural adjustments and high-quality development in China's steel industry [1] Group 2 - The work plan proposes precise control of capacity and output, promotes graded management of steel enterprises, prohibits new capacity, and guides resource allocation towards competitive enterprises to achieve dynamic balance between supply and demand [1] - Experts indicate that "equipment upgrading" and "low-carbon transformation" will be the two core competitive issues in the future, with a requirement for steel companies to accelerate the elimination of outdated equipment [1] - By the end of 2025, over 80% of steel production capacity is expected to complete ultra-low emission transformations [1] Group 3 - CICC anticipates that in the second half of 2025, production control is likely to be implemented against the backdrop of preventing internal competition, with an expected recovery in market sentiment leading to improved supply and demand in the industry [2] - The current steel industry is at the left side of a major cycle bottom reversal, with the bottom of the cycle becoming increasingly clear, indicating a potential upward resonance in the industry cycle [2]
钢铁股早盘普涨 钢铁行业稳增长工作方案发布 反内卷背景下供给侧变革有望加速
Zhi Tong Cai Jing·2025-09-22 02:23