华菱钢铁：今年上半年公司完成钢材销量1110万吨，同比下降12.6%

Core Viewpoint - Hualing Steel reported a 12.6% year-on-year decline in steel sales volume for the first half of the year, with expectations for production and sales to align for the full year [1] Company Summary - In the first half of the year, Hualing Steel achieved a steel sales volume of 11.1 million tons, a decrease of 12.6% year-on-year; when excluding steel billets sold directly in the domestic market, the decline is approximately 10% [1] - The company indicated that production and sales in the third quarter showed little fluctuation compared to the second quarter, and it plans to adjust production pace based on downstream order demand and profitability [1] Industry Summary - The steel industry is expected to continue experiencing supply-side contraction due to strict policies controlling crude steel production and self-discipline among steel enterprises [1] - The National Bureau of Statistics announced the formation of 12 inspection teams to oversee statistical inspections in six provinces and six ministries, which may help enforce industry policy requirements [1] - The Ministry of Industry and Information Technology released the "Steel Industry Normative Conditions (2025 Edition)," which aims to promote high-quality development in the steel sector by focusing on advanced, intelligent, green, efficient, safe, and specialized management practices [1] - The 2025 edition is seen as a tool to optimize supply in the steel industry, eliminate outdated production capacity, and further regulate industry order, potentially alleviating long-term structural contradictions within the sector [1]