投资咨询业务资格：证监许可【2011】1778 号 钢材&铁矿石 | 日报 2025 年 10 月 10 日 钢材&铁矿石日报 专业研究·创造价值 市场情绪尚可，钢矿震荡企稳 核心观点 专业研究·创造价值 1 / 7 请务必阅读文末免责条款 请务必阅读文末免责条款部分 1 / 8 螺纹钢：主力期价冲高回落，录得 0.52%日涨幅，量仓扩大。现阶段， 螺纹供应收缩，而需求表现疲弱，供需双弱局面下基本面并无实质性改 善，假期库存显著增加，钢价继续承压，相对利好则是成本支撑，预计 走势延续低位震荡态势，关注节后需求恢复情况。 热轧卷板：主力期价震荡运行，录得 0.37%日涨幅，量仓扩大。目前来 看，热卷供应维持高位，而需求偏弱运行，基本面持续走弱，假期库存 显著增加，热卷价格承压偏弱运行，且需谨防需求转弱引发产业矛盾激 化，关注节后需求表现情况。 铁矿石：主力期价震荡走高，录得 1.02%日涨幅，量缩仓增。现阶 段，节后商品情绪偏暖，且需求韧性尚可，给予矿价支撑，但矿石供应 维持高位，基本面预期走弱，上行驱动也不强，多空因素博弈下预计矿 价维持高位震荡运行态势，关注钢材表现情况。 （仅供参考，不构成任何投资建议） ...

研究员: 蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任何保证，据此投资，责任 自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有，未经书面许可，任 何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引 用、删节和修改。 热轧卷板产业链日报 2025/9/10 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | HC 主力合约收盘价(元/吨) HC 合约前20名净持仓(手) | 3,342 -106,885 | -7↓ HC 主力合约持仓量(手) +8482↑ HC10-1合约价差(元/吨) | 1313659 35 | +6895↑ +7↑ | | | HC 上期所仓单日报(日，吨) | 25059 | ...

Core Viewpoint - The U.S. Department of Commerce has initiated a third sunset review investigation on anti-dumping duties for polyester film imported from China and the UAE, indicating ongoing scrutiny of trade practices in this sector [1] Group 1: Investigation Details - The U.S. International Trade Commission is conducting a third sunset review investigation on the potential industry harm from imports of polyester film from China and the UAE [1] - The investigation will assess whether the removal of current anti-dumping measures would lead to substantial harm to the U.S. domestic industry within a reasonably foreseeable period [1]

Core Viewpoint - The Brazilian Foreign Trade Commission (GECEX) has decided to continue imposing anti-dumping duties on seamless carbon steel pipes imported from China, with rates set between $778.99 and $835.47 per ton, effective for five years from the date of publication [1]. Group 1 - The decision was published in the official gazette on July 28, 2025, under resolution number 773 [1]. - The specific tax code for the affected product is 73041900, categorized under the Southern Common Market (Mercosur) [1]. - The anti-dumping duties are a result of a sunset review, indicating ongoing concerns regarding unfair pricing practices from Chinese exporters [1].

Core Point - Turkey's Ministry of Trade has issued a definitive ruling in the fourth sunset review of anti-dumping measures against electronic wall clocks originating from China, continuing to impose a 23% anti-dumping duty on these products for a period of five years [1] Summary by Sections Anti-Dumping Measures - The anti-dumping duty of 23% will be applied to the cost, insurance, and freight (CIF) price of the affected products, effective immediately from the announcement date [1] - The Turkish tax code for the affected products is 9105.21.0.0 [1] Historical Context - Turkey initiated the anti-dumping investigation against Chinese electronic wall clocks on January 26, 2001, and made a positive final ruling on November 7, 2001, imposing anti-dumping duties [1] - Turkey has conducted three previous sunset reviews, with positive rulings extending the duty on October 24, 2007, October 5, 2013, and May 23, 2019 [1] - The fourth sunset review investigation was launched on May 15, 2024 [1]

据商务部官网，2025年7月11日，巴西外贸委员会管理执行委员会（GECEX）在官方日报发布2025年第 758号决议，对自中国进口的无取向硅钢（葡萄牙语名称：laminados planos de aço aosilício, denominados magnéticos,de grãos não orientados-aço GNO)，南共市税号为72251900和72261900）作出反倾销日落复审 终裁，裁定继续对中国的涉案产品征收90.00－166.32美元/吨的反倾销税，有效期为5年。决议自发布之 日起生效。 ...

Core Viewpoint - Brazil's Foreign Trade Commission (GECEX) has decided to continue imposing anti-dumping duties on imported automotive tires from China, with rates set between $1.25 and $1.77 per kilogram for a duration of five years, effective immediately from the publication date of the resolution [1]. Group 1 - Brazil's GECEX issued Resolution No. 744 on July 4, 2025, regarding anti-dumping sunset review for automotive tires imported from China [1]. - The anti-dumping duties will be applicable to the specific product classified under the South Common Market tax code 40111000 [1]. - The decision reflects Brazil's ongoing trade measures to protect its domestic tire industry from foreign competition [1].

Group 1 - The Mexican Ministry of Economy announced the initiation of the sixth sunset review investigation for anti-dumping on liquid caustic soda originating from the United States, with the investigation period from April 1, 2024, to March 31, 2025, and the damage investigation period from April 1, 2020, to March 31, 2025 [1] - The current anti-dumping duties remain effective during the investigation period, and interested parties have 28 working days from the announcement date to register their responses and submit comments and evidence [1] Group 2 - Mexico initiated the anti-dumping investigation on liquid caustic soda from the United States on November 8, 1993, and issued a final ruling on July 12, 1995, imposing anti-dumping duties on products priced below the minimum price of $147.43 per metric ton, with a maximum duty of $38.89 per metric ton, corresponding to a dumping margin of 35.83% [2] - Mexico has conducted three subsequent sunset reviews, with the third review on January 3, 2012, extending the anti-dumping measures for another five years, setting a new minimum price of $288.71 per metric ton and a maximum duty of 54.79% [2] - The fourth and fifth sunset reviews were completed on July 29, 2016, and July 27, 2021, respectively, with the latter maintaining the measures established in the third review, effective from July 13, 2020, for another five years [2] Group 3 - On December 3, 2021, Mexico initiated a period review investigation for anti-dumping on liquid caustic soda from the United States, with a preliminary ruling on August 18, 2022, maintaining the minimum price of $288.71 per metric ton and imposing anti-dumping duties not exceeding 54.79% on products priced below this threshold [3] - On May 29, 2025, the Mexican Ministry of Economy announced a final ruling to adjust the anti-dumping measures from a minimum price system to a direct anti-dumping tax of $195 per metric ton on 100% concentration liquid caustic soda, effective from July 27, 2021 [3]

据中国贸易救济信息网，哥伦比亚贸工旅游部发布公告，对原产于中国的 石油及 天然气管道管作出反 倾销第一次日落复审肯定性终裁，决定以最低限价的形式继续实施反倾销措施，具体如下：对税号 7304.19.00.00项下的无缝油气钢管设定净重2756.17美元/吨的最低限价，当涉案产品的离岸报关价 （FOB）低于最低限价时，征收差额反倾销税；对税号7306.19.00.00项下的焊接油气钢管设定净重 1537.41美元/吨的最低限价，当涉案产品的离岸报关价低于最低限价时，征收差额反倾销税。涉案产品 为外直径大于等于60.3毫米且小于等于219.1毫米的圆形截面石油及天然气管道管，涉及哥伦比亚税号 7304.19.00.00和7306.19.00.00项下的产品，但不包括不锈钢管。措施自公告发布于官方公报次日起生 效，有效期为五年。 ...

Core Viewpoint - Brazil's foreign trade committee has confirmed the imposition of anti-dumping duties on Chinese automotive tires, indicating ongoing trade tensions and protective measures in the tire industry [1] Group 1: Regulatory Decision - On July 4, Brazil's GECEX issued Resolution No. 744 for the year 2025, affirming a positive final ruling in the third sunset review of anti-dumping measures against automotive tires originating from China [1] - The decision entails the continuation of anti-dumping duties ranging from $1.25 to $1.77 per kilogram, effective for a period of five years [1] Group 2: Affected Products - The products under scrutiny include 65 and 70 series automotive tires, specifically those with rim sizes of 13 inches and 14 inches, and tire widths of 165 mm, 175 mm, and 185 mm [1] - These products fall under the Mercosur tariff code 4011.10.00 [1]