钢铁业供需发力提质效

Core Viewpoint - The steel industry is crucial for the national economy, facing significant challenges due to global economic changes and carbon neutrality goals, prompting the release of a growth plan for 2025-2026 aimed at enhancing quality and reasonable growth in the sector [1][3]. Group 1: Supply and Demand Balance - In the first three quarters of this year, China's steel industry reported a total profit of 97.34 billion yuan, marking a shift from losses to profits year-on-year [2]. - Despite a slight recovery in profitability this year, the overall growth foundation remains unstable due to complex external conditions and a significant portion of the industry expected to incur losses in 2024 [2]. - The Ministry of Industry and Information Technology highlights an imbalance between excessive supply and insufficient effective demand as a major issue affecting the industry's quality and efficiency [2]. Group 2: Effective Supply Enhancement - China accounts for approximately 53% of global crude steel production, yet the industry's profit margin is only 0.4% [4]. - The growth plan emphasizes the need for orderly exit of inefficient production capacity and precise control of capacity and output to promote dynamic supply-demand balance [4]. - The plan calls for the implementation of policies to support advanced enterprises while forcing the exit of outdated capacities, thereby enhancing the overall quality and efficiency of supply [4][5]. Group 3: Expanding Demand - The development of high-performance steel products, such as ultra-thin silicon steel, is crucial for meeting the demands of emerging industries like robotics and renewable energy [6][7]. - The growth plan aims to enhance the supply capacity of high-end products by focusing on key materials required for advanced equipment and core components, fostering collaboration among steel enterprises, upstream and downstream companies, and research institutions [7]. - The transition towards high-end, green, and intelligent steel production is expected to improve the resilience and safety of the industry supply chain [7].