钢铁行业运行质效提升

Core Insights - The Chinese steel industry is projected to see a profit total of 115.1 billion yuan in 2025, a year-on-year increase of 140%, with the steel main business turning a profit of 44.5 billion yuan [1] - The average profit margin for the industry is expected to rise to 1.9%, an increase of 1.13 percentage points year-on-year [1] - The steel market is anticipated to maintain a strong supply and weak demand dynamic, with crude steel production expected to decline by 4.4% to 961 million tons in 2025 [1][2] Group 1: Industry Performance - In 2021, the profit total for key statistical enterprises reached a historical high of 345.9 billion yuan, but it declined to 48.3 billion yuan in 2024, an 86% drop from 2021 [1] - The crude steel output is projected to decrease from 1.065 billion tons in 2020 to 961 million tons in 2025, a decline of 9.8% [2] - The apparent consumption of crude steel is expected to drop by 20.9% from its peak of 1.048 billion tons in 2020 to 829 million tons in 2025 [2] Group 2: Structural Changes - The demand structure for steel has shifted significantly, with the proportion of steel used in the construction industry decreasing from 58% in 2020 to 49% in 2025, while the manufacturing sector's share increased from 42% to 51% [2] - Major steel companies are adapting to demand changes by enhancing product quality and upgrading technology, with Baosteel launching over 40 new products and achieving significant technological advancements [3] - Xingtai Special Steel has become a key supplier for international bearing manufacturers, holding over 80% market share in high-end passenger vehicle segments [3][4] Group 3: Environmental Initiatives - The steel industry has invested over 370 billion yuan in ultra-low emission transformation projects, with more than 80% of crude steel capacity achieving ultra-low emissions by the end of 2025 [5] - The "Three-Year Action Plan for Extreme Energy Efficiency Benchmarking" initiated in 2022 involves 143 enterprises, leading to significant energy savings and carbon dioxide emissions reductions [5] - The industry plans to implement three major transformation projects focusing on quality improvement, energy efficiency, and digital transformation to support high-quality development in the upcoming years [5]