国内钢铁企业绿色低碳转型融资难，每年千亿资金缺口如何补

Core Viewpoint - The Chinese steel industry faces significant challenges in achieving low-carbon transformation due to high financing gaps and limited funding sources, despite the urgent need for transformation under the "dual carbon" goals [1][2]. Group 1: Policy and Financial Support - The National Development and Reform Commission has issued guidelines to support energy-saving and carbon reduction investments in key industries, including steel [1]. - The steel industry requires approximately 20 trillion yuan in funding from 2025 to 2060 to meet carbon reduction targets, with an annual funding gap of around 100 billion yuan [1][2]. - Current financing tools for steel companies are limited, with bank loans being the primary source, predominantly short-term working capital loans [2]. Group 2: Industry Challenges - The steel industry's profit has declined, with total profits for key member companies dropping from 855 billion yuan in 2023 to an estimated 429 billion yuan in 2024 [2]. - The financing difficulties stem from mismatches between the large capital requirements for transformation projects and the limited cash flow of steel companies, as well as the long transformation cycles compared to the short loan terms offered by banks [1][2]. Group 3: Technological and Operational Issues - Short-process electric furnace companies, which have significant carbon reduction advantages, face survival pressures and require stable, low-cost funding [3]. - Steel companies must develop detailed transformation plans and undergo third-party verification to access transition financing, which increases compliance costs [3]. Group 4: Recommendations for Financial Institutions - Financial institutions are encouraged to provide bundled support for steel companies, covering research, exploratory initiatives, and transformation planning [5]. - Establishing a reliable third-party verification system for carbon reduction effects and shifting risk assessment from financial statements to future transformation benefits is essential [5]. - Collaboration between steel companies and financial institutions in planning, information sharing, and product design is crucial for successful low-carbon transformation [5].