《黑色》日报-20260313

1. Report Industry Investment Ratings - No information provided regarding industry investment ratings in the reports. 2. Core Views Steel Industry - Geopolitical conflicts and supply - demand dynamics support steel prices. Steel prices are expected to rise, with the 5 - month contract of rebar and hot - rolled coil facing resistance around 3150 and 3300 respectively [1]. Iron Ore Industry - Iron ore prices are likely to be volatile and bullish in the short term, with a reference range of 780 - 850, due to geopolitical impacts and supply - demand changes [4]. Coke and Coking Coal Industry - For coke, prices are expected to stabilize. It is recommended to go long on the coke 2605 contract in the range of 1650 - 1850 and consider an arbitrage strategy of long coking coal and short coke. For coking coal, it is recommended to go long on the coking coal 2605 contract in the range of 1100 - 1250 [6]. Ferrosilicon and Ferromanganese Industry - Ferrosilicon prices are expected to fluctuate widely in the range of 5700 - 6200. Ferromanganese prices are expected to fluctuate widely in the range of 5800 - 6400 [7]. 3. Summary by Directory Steel Industry Steel Prices and Spreads - Rebar and hot - rolled coil prices in different regions and contracts showed various changes. For example, rebar spot prices in East China increased by 10, and hot - rolled coil spot prices in North China increased by 20 [1]. Cost and Profit - Steel billet prices increased by 20, while some cost and profit indicators such as East China hot - rolled coil profit decreased by 24 [1]. Production and Inventory - Daily average pig iron production decreased by 6.3 to 221.2, a 2.8% decline. Five - major - variety steel production increased by 23.7 to 821.0, a 3.0% increase. Five - major - variety steel inventory increased by 22.9 to 1974.9, a 1.2% increase [1]. Transaction and Demand - Building material trading volume decreased by 0.9 to 8.8, a 9.4% decline. Five - major - variety apparent demand increased by 106.7 to 798.1, a 15.4% increase [1]. Iron Ore Industry Iron Ore - related Prices and Spreads - Warehouse receipt costs of various iron ore types increased, and 05 - contract basis of some ores also increased. For example, the warehouse receipt cost of lower - grade powder increased by 21.8 to 902.4, a 2.5% increase [4]. Supply - 45 - port arrival volume increased by 463.0 to 2609.9, a 21.6% increase, while global shipping volume decreased by 442.9 to 2897.8, a 13.3% decrease [4]. Demand - 247 - steel - mill daily average pig iron production decreased by 5.7 to 227.6, a 2.4% decrease, and 45 - port daily average port clearance volume increased by 12.6 to 311.1, a 4.2% increase [4]. Inventory - 45 - port inventory increased by 25.9 to 17117.86, a 0.2% increase, and 247 - steel - mill imported ore inventory decreased by 73.5 to 9011.6, a 0.8% decrease [4]. Coke and Coking Coal Industry Price and Spread - Coke and coking coal prices and spreads showed different changes. For example, the coke 05 contract increased by 9 to 1727, a 0.5% increase [6]. Supply and Demand - Coke production remained stable, and pig iron production decreased by 6.4 to 221.2, a 2.8% decrease. Coking coal production increased, with raw coal production increasing by 165.0 to 861.3, a 23.74% increase [6]. Inventory - Coke total inventory decreased slightly, and coking coal inventory in some sectors changed. For example, the whole - sample coking plant's coking coal inventory increased by 20.0 to 969.4, a 2.14% increase [6]. Ferrosilicon and Ferromanganese Industry Futures and Spot - Ferrosilicon and ferromanganese futures and spot prices changed. For example, the ferrosilicon main - contract closing price increased by 38 to 5922, a 0.64% increase [7]. Cost and Profit - Ferrosilicon production cost in Inner Mongolia increased slightly, and production profit in Inner Mongolia decreased by 20.5% [7]. Supply and Demand - Ferrosilicon production remained stable at 9.7, and ferrosilicon demand increased by 0.1 to 1.9, a 5.94% increase. Ferromanganese demand increased by 0.5 to 11.7, a 4.94% increase [7]. Inventory - Ferrosilicon inventory of 60 - sample enterprises decreased by 0.5 to 37.6, a 6.6% decrease, and ferromanganese inventory of 63 - sample enterprises decreased by 1.2 to 38.7, a 3.0% decrease [7].