Core Viewpoint - The "Steel Industry Growth Stabilization Work Plan (2025-2026)" aims to promote effective quality improvement and reasonable quantity growth in the steel industry, focusing on structural adjustment and high-quality development [1] Group 1: Overall Goals - The plan sets an annual growth target of approximately 4% for the industry's added value, emphasizing the role of the steel industry as a stabilizing pillar [1] - It encourages the industry to move away from extensive capacity and scale expansion, promoting market supply-demand balance, optimizing industrial structure, and enhancing supply quality and efficiency [1] Group 2: Key Measures - The plan outlines five areas of action with ten specific measures, including strengthening industry management, enhancing technological innovation, expanding effective investment, broadening market demand, and deepening open cooperation [1] - In terms of industry management, the plan emphasizes precise control of capacity and output, revising capacity replacement implementation methods, and supporting low-carbon steelmaking processes [1] Group 3: High-End Product Supply - The plan focuses on enhancing the supply capacity of high-end products, particularly in high-performance bearing steel, gear steel, and high-temperature alloys, through collaboration among steel enterprises, upstream and downstream companies, universities, and research institutions [2] - It aims to leverage key platforms in shipbuilding and ultra-supercritical materials to accelerate product application validation and iterative upgrades [2] Group 4: Market Demand Expansion - The plan encourages deepening cooperation between the steel industry and key sectors such as shipbuilding, promoting long-term stable cooperation agreements to maintain the stability of the industrial chain [2] Group 5: Open Cooperation - The plan emphasizes the need to strengthen the management of steel product exports to maintain competitive order in the export market [3]

Industry Developments - The "Guiding Opinions on Promoting High-Quality Development of Energy Equipment" was released, aiming for a self-controlled, high-end, intelligent, and green development of China's energy key equipment industry chain by 2030, with significant achievements in technology and industrial systems [2] - The "Steel Industry Stabilization Growth Work Plan (2025-2026)" was issued, projecting an average annual growth of about 4% in the steel industry's added value from 2025 to 2026, with improved economic benefits and a more balanced market supply and demand [2] - The Chongqing Zhaodu Reservoir project, part of national major water conservancy projects, has successfully completed its first water delivery tunnel, with a total reservoir capacity of 201 million cubic meters [2] Technological Innovations - The world's first megawatt-level commercial floating wind power system successfully completed testing in Gobi conditions, showcasing advancements in renewable energy technology [3] - The world's largest hoisting vertical ship lift, the Baise Ship Lift, was successfully delivered, marking a new peak in "Chinese manufacturing" in this field, with a total lifting weight of 1,070 tons and a height of 88.8 meters [3] Trade and Export Performance - Jiangsu's exports of "new three types" products, including new energy vehicles, reached 121.45 billion yuan in the first eight months of the year, reflecting a growth of 10.6% [3] Regulatory Updates - Beijing's market regulatory bureau issued a notice to standardize charging fees for electric bicycles, requiring clear pricing and separation of price and fee [4] Corporate Developments - China Petroleum & Chemical Corporation (Sinopec) has commenced the integrated refining and chemical project in Xinjiang, expected to generate an annual output value of approximately 20.2 billion yuan and tax revenue of about 3.5 billion yuan, while creating around 10,000 jobs [6]

当前，钢铁行业供给总量过大，有效需求不足，供需失衡是影响行业发展质量和效益的主要矛盾。方案 聚焦强治理、优供给、促转型、扩消费、增合作等，共提出5个方面10条具体举措。 中新社北京9月22日电 (记者 刘育英)中国工业和信息化部、自然资源部等五部门近日联合印发《钢铁行 业稳增长工作方案(2025—2026年)》，其中提出，2025—2026年，钢铁行业增加值年均增长4%左右。 据工信部官网22日信息，方案还明确了一系列2025年至2026年钢铁行业稳增长主要目标，即经济效益企 稳回升，市场供需更趋平衡，产业结构更加优化，有效供给能力不断增强，绿色低碳、数字化发展水平 显著提升。 在优供给方面，实施产能产量精准调控，推进钢铁企业分级分类管理；增强高端产品供给能力，促进大 宗产品质量升级，稳定原燃料供给。方案还提出，修订发布钢铁行业产能置换实施办法，加大产能减量 置换力度。 在扩消费方面，深化钢铁与船舶等重点用钢领域的上下游合作；积极推广钢结构在住宅、公共建筑、中 小跨径桥梁等领域应用；鼓励有条件的地区培育一批钢结构建筑产业园区和钢材、构件、部品部件数字 化供应链交易服务平台。 此外，方案还提出推进工艺设备更新、 ...

钢铁产业是国民经济的重要基础产业、支柱产业，是关乎工业稳定增长、经济平稳运行的重要领域。 近年来，受多重因素影响，钢材需求持续下降，使得钢铁行业总体处于微利状态，迫切需要改善行业现 状，稳定增长态势。 9月22日，工业和信息化部、自然资源部、生态环境部、商务部、市场监管总局等5部门联合发布《钢铁 行业稳增长工作方案（2025—2026年）》（以下简称《工作方案》）。 《工作方案》提出2025—2026年，钢铁行业增加值年均增长4%左右，经济效益企稳回升，市场供需更 趋平衡，产业结构更加优化，有效供给能力不断增强，绿色低碳、数字化发展水平显著提升的总目标。 另一方面，近年来，钢铁行业处于微利状态，企业经营压力不断加大。数据显示，2024年，钢铁行业利 润662.9亿元，同比减少42.6%，行业亏损面较大。今年1—7月，钢铁行业虽然实现利润830.3亿元，但 行业稳增长的基础并不牢固。 此外，伴随着环保和"双碳"约束进一步趋紧，钢铁行业的绿色低碳转型也更加紧迫。 在此背景下，《工作方案》的出台，非常精准地切中了当下钢铁行业发展的症结和难点。 加强行业管理，优化产能 《工作方案》部署了多项举措，包括加强行业管理、强 ...

Core Insights - The People's Bank of China announced that the one-year Loan Prime Rate (LPR) remains unchanged at 3.00% and the five-year LPR at 3.50%, maintaining stability for four months since the last adjustment in May 2023 [1] - The Ministry of Industry and Information Technology, along with other departments, released a "Steel Industry Growth Stabilization Work Plan (2025-2026)" aiming for an average annual growth target of around 4% for the steel industry over the next two years [1] - The plan emphasizes "stabilizing growth and preventing internal competition," outlining a path for structural adjustment and high-quality development in the steel sector [1] Steel Industry Summary - The plan includes precise control of production capacity and output, promoting graded management of steel enterprises [1] - New production capacity is strictly prohibited, with a focus on guiding resources towards competitive enterprises and achieving dynamic balance between supply and demand through output regulation [1] - Since the beginning of the 14th Five-Year Plan, China's foreign exchange reserves have remained stable at over $3 trillion [1]

从总目标来看，既明确了"量"的增长要求，也包含了"质"的有效提升指标。《工作方案》明确，要引导钢铁行业和相关企业破除粗放的产能扩张、规模扩张 的惯性思维，更加注重促进市场供需平衡、优化产业结构、提高供给质效，因地制宜发展新质生产力。 直指产业供需失衡矛盾 9月22日，工业和信息化部、自然资源部、生态环境部、商务部、市场监管总局等5部门联合发布《钢铁行业稳增长工作方案（2025—2026年）》（以下简 称《工作方案》）。 《工作方案》提出2025—2026年，钢铁行业增加值年均增长4%左右，经济效益企稳回升，市场供需更趋平衡，产业结构更加优化，有效供给能力不断增 强，绿色低碳、数字化发展水平显著提升的总目标。 钢铁产业是国民经济的重要基础产业、支柱产业，是关乎工业稳定增长、经济平稳运行的重要领域。 近年来，受多重因素影响，钢材需求持续下降，使得钢铁行业总体处于微利状态，迫切需要改善行业现状，稳定增长态势。 《工作方案》还表明要强化产能置换、项目备案、环评、排污许可、工业产品生产许可、能评等政策协同。支持大气污染防治重点区域钢铁产能向区域外减 量转移。继续实施产量压减政策，按照支持先进企业发展、倒逼落后低效产能退 ...

工业和信息化部等部门联合印发《钢铁行业稳增长工作方案（2025—2026年）》，明确未来两年钢铁行 业增加值年均增长目标设定在4%左右。该方案以"稳增长、防内卷"为核心，为中国钢铁行业的结构性 调整与高质量发展指明实施路径。《方案》提出，实施产能产量精准调控、推进钢铁企业分级分类管 理，严禁新增产能，引导资源要素向优势企业集聚，通过产量调控促进优胜劣汰，实现供需动态平衡。 宏观要闻 "十四五"以来我国外汇储备始终稳定在3万亿美元以上 中国人民银行授权全国银行间同业拆借中心公布，2025年9月20日，贷款市场报价利率（LPR）为：1年 期LPR为3.00%，5年期以上LPR为3.50%，均较上月保持不变。LPR自今年5月下调之后，已有4个月按 兵不动。 钢铁行业未来两年目标确定 9月LPR继续按兵不动 ...

黑色金属日报 2025 年 09 月 22 日 螺纹热卷日报 第一部分 市场信息 | | | | 螺纹 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 期货(元/吨) | | | | | | | | 昨日 | 涨跌 | | 今日 | 昨日 | 涨跌 | | RB05 | 3244 | 3232 | 12 | HC05-RB05 | 144 | 152 | -8 | | RB10 | 3095 | 3078 | 17 | HC10-RB10 | 325 | 347 | -22 | | RB01 | 3182 | 3172 | 13 | HC01-RB01 | 195 | 202 | -7 | | RB01-RB05 | -59 | -60 | 1 | RB10-RB01 | -90 | -94 | 4 | | RB05-RB10 | 149 | 154 | -5 | | | | | | 05合约螺纹盘面利润 | -78 | -104 | 26 | RB05/105 | 4.13 | 4.11 | 0.02 | | 10合约螺 ...

Report Summary 1. Industry Investment Rating No investment rating information is provided in the report. 2. Core Views - **Ribbed Bars**: The main futures price fluctuated strongly, with a daily increase of 0.85%. In the current situation of weak supply and increasing demand, the fundamentals of ribbed bars have improved marginally. However, the downstream market has not improved, and concerns about demand remain. The improvement strength needs to be tracked. The relative positive factor is the rising cost. With the game of multiple and short factors, the steel price is expected to maintain a stable and fluctuating trend. Attention should be paid to the demand performance [4][37]. - **Hot - Rolled Coils**: The main futures price fluctuated, with a daily increase of 0.54%. Currently, the demand resilience of hot - rolled coils is weakening, while the supply remains at a high level. The supply - demand pattern has weakened, the inventory has increased again, and the coil price continues to be under pressure. The relative positive factors are the rising cost and production limit disturbances. It is expected that the subsequent trend will be weak and fluctuating. Attention should be paid to the demand performance [4][37]. - **Iron Ore**: The main futures price fluctuated, with a daily increase of 0.37%. Currently, the demand for iron ore is performing well, supporting the high - level ore price to fluctuate upward. However, the demand is expected to weaken, and the supply is also rising. The fundamentals have not been substantially improved. Coupled with the relatively high valuation, the pre - holiday trend is cautiously optimistic, and precautions should be taken against the intensification of industrial contradictions [4][38]. 3. Summary by Directory Industry Dynamics - **Air - Conditioner Production Scheduling**: In October 2025, the production scheduling of air - conditioners continued to decline. The total retail volume of air - conditioners in August increased by 1.1% year - on - year, but the growth rate has decreased significantly. In the first two weeks of September, the online and offline sales volumes decreased by 35.5% and 30% respectively. In terms of production, the domestic sales production scheduling in October was 5.61 million units, a year - on - year decrease of 19.8%, and the export production scheduling was 6.34 million units, a year - on - year decrease of 14.7% [6]. - **New Contracts of Construction Central Enterprises**: As of September 22, 2025, five construction central enterprises announced their new contract amounts in the first eight months of 2025, with a total of 4.713239 trillion yuan. China State Construction ranked first with a new contract amount of 2.8799 trillion yuan in the first eight months. In the construction business, the new contract amount in the first eight months was 2.6644 trillion yuan, a year - on - year increase of 1.8%, of which the infrastructure business was 0.8954 trillion yuan, a year - on - year increase of 5.0%. In the real estate business, the contract sales volume in the first eight months was 0.2155 trillion yuan, a year - on - year decrease of 7.9% [7]. - **Steel Industry Plan**: The Ministry of Industry and Information Technology issued the "Work Plan for Stable Growth of the Steel Industry (2025 - 2026)". The overall goal is to achieve an average annual growth of about 4% in the added value of the steel industry from 2025 to 2026, with the economic benefits stabilizing and rebounding, the market supply - demand becoming more balanced, the industrial structure being more optimized, the effective supply capacity continuously increasing, and the levels of green - low - carbon and digital development being significantly improved [8]. Spot Market - The report provides the spot prices of ribbed bars, hot - rolled coils, Tangshan billets, Zhangjiagang heavy scrap, and other products, as well as the prices of 61.5% PB powder, Tangshan iron concentrate powder, freight rates, SGX swaps, and the Platts Index [9]. Futures Market - **Ribbed Bars**: The closing price of the active contract was 3,185 yuan, with a rise of 0.85%. The trading volume was 1,652,529 lots, an increase of 401,938 lots, and the open interest was 1,861,142 lots, a decrease of 109,368 lots [11]. - **Hot - Rolled Coils**: The closing price of the active contract was 3,380 yuan, with a rise of 0.54%. The trading volume was 548,824 lots, an increase of 89,152 lots, and the open interest was 1,382,769 lots, a decrease of 30,384 lots [11]. - **Iron Ore**: The closing price of the active contract was 808.5 yuan, with a rise of 0.37%. The trading volume was 409,502 lots, an increase of 29,691 lots, and the open interest was 562,024 lots, a decrease of 12,497 lots [11]. Related Charts - **Steel Inventory**: The report provides charts of ribbed bar inventory (weekly change, total inventory of steel mills and social warehouses), hot - rolled coil inventory (weekly change, total inventory of steel mills and social warehouses) [13][14][16]. - **Iron Ore Inventory**: Charts of iron ore port inventory (seasonal, total inventory), inventory of 247 steel mills' iron ore are presented [18][22][24]. - **Steel Mill Production**: Charts of the blast furnace operating rate and capacity utilization rate of 247 sample steel mills, the operating rate of 87 independent electric furnaces, the proportion of profitable steel mills among 247 steel mills, and the profit - loss situation of 75 building material independent electric arc furnace steel mills are included [26][28][32]. 后市研判 - **Ribbed Bars**: The supply - demand pattern has improved. The weekly output of ribbed bars decreased by 54,800 tons, continuing the downward trend. The demand has improved, with the weekly apparent demand increasing by 119,600 tons. However, the demand improvement needs to be tracked. The steel price is expected to be stable and fluctuating [37]. - **Hot - Rolled Coils**: The supply - demand pattern has changed. The weekly output increased by 13,500 tons, and the demand has weakened. The demand resilience is weakening, and the price is expected to be weak and fluctuating [37]. - **Iron Ore**: The supply - demand pattern has changed. The terminal consumption of iron ore continues to rise, but the demand is expected to weaken. The supply is increasing. The pre - holiday trend is cautiously optimistic [38].

工业和信息化部有关负责人解读《工作方案》时表示，《工作方案》坚持问题导向、目标导向，聚焦强 治理、优供给、促转型、扩消费、增合作等，共提出五个方面10条具体举措： 本报讯(记者郭冀川)9月22日，工业和信息化部等五部门联合发布《钢铁行业稳增长工作方案(2025-2026 年)》(以下简称《工作方案》)。 《工作方案》提出目标，2025年至2026年，钢铁行业增加值年均增长4%左右，经济效益企稳回升，市 场供需更趋平衡，产业结构更加优化，有效供给能力不断增强，绿色低碳、数字化发展水平显著提升。 《工作方案》介绍，钢铁产业是国民经济的重要基础产业、支柱产业，是关乎工业稳定增长、经济平稳 运行的重要领域。当前，钢铁行业供给总量过大，有效需求不足，供需失衡是影响行业发展质量和效益 的主要矛盾。为贯彻中央经济工作会议精神，促进钢铁行业平稳运行和结构优化升级，制定本《工作方 案》。 四是聚焦扩大有效消费，提出挖掘钢材应用需求，深化钢铁与船舶等重点用钢领域的上下游合作，积极 推广钢结构在住宅、公共建筑、中小跨径桥梁等领域应用，激发释放消费潜力。 五是聚焦深化开放合作，提出强化钢铁产品出口管理，维护出口竞争秩序，优化钢铁出口 ...