太平洋钢铁日报：生态环境部宣布钢铁行业将纳入全国碳市场管理-2025-03-26

Investment Rating - The steel industry is rated as "Neutral" for the sub-sectors including general steel, other steel, and special materials [8] Core Insights - The Ministry of Ecology and Environment announced that the steel industry will be included in the national carbon market management, which is expected to drive low-carbon technology innovation and the elimination of outdated production capacity [7] - The overall performance of the steel sector has seen a decline, with the Shanghai Composite Index down by 0.04%, Shenzhen Component Index down by 0.05%, and the ChiNext Index down by 0.26% on March 26, 2025 [4] - The steel industry is experiencing a mixed performance among individual stocks, with the top three gainers being Hengxing Technology (+6.25%), Yitong New Materials (+4.71%), and Hangang Co. (+4.58%), while the top three losers are Bayi Steel (-3.47%), Xining Special Steel (-3.23%), and Shibi Bai (-2.22%) [5] Industry Data Summary - Futures prices show slight fluctuations: rebar (+0.06%), wire rod (-0.35%), hot-rolled coil (+0.12%), iron ore (+0.19%), coke (+1.35%), and coking coal (-0.05%) [6] - Current prices for steel products are as follows: iron ore at 758.53 yuan/ton, wire rod at 3431.99 yuan/ton, hot-rolled coil at 3399.27 yuan/ton, rebar at 3235.18 yuan/ton, coke at 1626.75 yuan/ton, and coking coal at 1042.14 yuan/ton [6] - The iron ore Platts index shows 65% fines at 114.95, 58% fines at 87.45, and 62% fines at 102.55 [6] Company Announcements - Hebei Steel Group has delivered Q345qENH bridge steel for the Beijing-Tianjin-Hebei expressway project, ensuring high-quality delivery to meet strict customer requirements [9] - Shougang Group has developed a low-carbon project with Zhongshan Qinggui, achieving 100% recycling of scrap steel and a 30% reduction in carbon emissions [9] - Fangda Special Steel has completed ultra-low emission transformation projects and implemented a smart control platform for real-time monitoring of pollutant emissions [10]