太平洋钢铁日报：“十四五”钢铁低碳技术项目启动-2025-03-19

Investment Rating - The industry investment rating is Neutral, indicating that the expected overall return in the next six months will be between -5% and 5% compared to the CSI 300 index [11]. Core Insights - The steel industry is experiencing an overall increase in stock prices, with the Shanghai Composite Index rising by 0.11%, the Shenzhen Component by 0.52%, and the ChiNext Index by 0.61% on March 18, 2025 [3]. - The "14th Five-Year Plan" for low-carbon technology in the steel industry has been initiated, aiming to promote ultra-low carbon emissions in steel metallurgy [6]. - In January and February 2025, the national production of steel reached 22.409 million tons, a year-on-year increase of 4.7%, while crude steel production decreased by 1.5% to 16.630 million tons [6]. Sub-industry Ratings - The ratings for sub-industries are as follows: - Ordinary Steel: Neutral - Other Steel: Neutral - Special Materials: Neutral [3]. Market Performance - The top three performing stocks in the steel sector are Honghai Technology (+11.65%), Shibi Bai (+6.45%), and Guoda Special Materials (+4.50%) [4]. - The bottom three performing stocks are Hualing Steel (-2.10%), Bayi Steel (-2.01%), and Nanjing Steel (-1.89%) [4]. Industry Data - Futures prices for various steel products show slight declines, with rebar down by 1.33% and hot-rolled coils down by 0.88% [5]. - Current prices for steel products per ton are as follows: Iron Ore (759.04), Wire Rod (3406.71), Hot Rolled Coil (3382.04), Rebar (3213.88), Coking Coal (1063.32) [5]. Company Announcements - Jinan Steel has achieved a significant transformation by focusing on cold-rolled products, enhancing its product lifecycle tracking and standardization [9]. - After the launch of new equipment, Jinhua Steel Structure Engineering Co., Ltd. has increased its annual production capacity to 20,000 tons, generating an annual output value of over 150 million yuan [9].