核心观点 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 9 日 钢材&铁矿石日报 专业研究·创造价值 原料偏强带动钢价震荡企稳 螺纹钢：主力期价震荡企稳，录得 0.19%日涨幅，量缩仓增。现阶段， 螺纹供应收缩，但高库存下利好效应不强，相应的需求表现依然疲弱， 供需双弱局面下基本面并无实质性改善，钢价易承压运行，关注节后需 求恢复情况。 热轧卷板：主力期价震荡走高，录得 0.37%日涨幅，量缩仓增。目前来 看，假期板材钢厂生产趋稳，供应压力偏大，而需求表现偏弱，基本面 弱势运行，库存显著增加，价格继续承压运行，关注节后需求表现情 况。 铁矿石：主力期价有所走强，录得 0.96%日涨幅，量仓扩大。现阶 段，假期海外商品市场氛围偏暖，给予矿价支撑，但矿石供应重回高 位，而需求料将趋弱，矿石基本面矛盾在累积，多空因素博弈下预计矿 价高位震荡运行，关注钢材表现情况。 （仅供参考，不构成任何投资建议） 姓名：涂伟华 宝城期货投资咨询部 从业资格证号：F3060359 投资咨询证号：Z0011688 电话：0571-87006873 邮箱：tuweihua@bcqhg ...

Core Viewpoint - The U.S. Department of Commerce announced a preliminary anti-dumping ruling on imports of polypropylene corrugated boxes from China, setting a nationwide tax rate of 83.64% and an adjusted margin of 73.10% after offsetting subsidies [1] Group 1 - The preliminary ruling is part of an ongoing investigation initiated on April 7, 2025, regarding anti-dumping and countervailing duties on polypropylene corrugated boxes imported from China and anti-dumping duties on those from Vietnam [1] - The final ruling on anti-dumping is expected to be combined with the final ruling on countervailing duties and is scheduled for November 12, 2025 [1]

Group 1 - The U.S. Department of Commerce announced a preliminary anti-dumping ruling on imports of Active Anode Material from China, with a dumping margin of 93.50% for individual producers/exporters and a national rate of 102.72% [1] - The investigation primarily involves products under U.S. Customs codes 2504.10.5000 and 3801.10.5000 [1] - The anti-dumping and countervailing duty investigation was initiated on January 7, 2025 [1]

Group 1 - The European Commission announced a final ruling on countervailing duties for single-mode optical fiber cables originating from India, imposing duties ranging from 3.7% to 8.1% [1] - The anti-dumping duties for the involved Indian products have been adjusted to a range of 2.9% to 8.8% [1] - The investigation period for subsidies is from October 1, 2022, to September 30, 2023, while the injury investigation period spans from January 1, 2020, to the end of the subsidy investigation period [1]

Group 1 - The U.S. government frequently uses tariffs as a tool to combat what it perceives as "unfair competition" from foreign subsidies, leading to a contradictory situation [1][2] - The legitimacy of the U.S. government's stance on subsidies is questionable, as it has provided significant subsidies to its own industries, totaling at least $68 billion from 2000 to 2015, and has continued to do so under both Democratic and Republican administrations [3][4] - Recent U.S. policies aimed at boosting domestic manufacturing have not met expectations, with companies citing worsening market conditions and policy uncertainty as reasons for delaying investment plans [4][5] Group 2 - The U.S. manufacturing sector faces significant challenges, including a shortage of skilled labor and high operational costs, which are major constraints on its development [5][6] - In contrast, China's manufacturing sector has shown strong performance and export capabilities, adhering to WTO rules regarding subsidies, and its trade surplus is stable across various industries [6][7] - The U.S. government's continued focus on "anti-subsidy" measures may ultimately harm its own interests, as it seeks to blame external factors for its manufacturing struggles [7]

据中国贸易救济信息网消息，2025年6月16日，美国商务部发布公告，对进口自中国和土耳其的刹车鼓 （Brake Drums）作出反倾销终裁，裁定中国生产商/出口商的倾销率为77.14%－160.79%（抵消补贴后 的保证金调整为77.14%－150.25%，具体税率详见下表）；土耳其生产商/出口商的倾销率为15.22%－ 149.29%（抵消补贴后的保证金调整为12.86%－146.93%）。与此同时，美国商务部对进口自中国和土 耳其的刹车鼓作出反补贴终裁，裁定朝阳飞马装备制造有限公司（CAIEC Trailer Master Co., Ltd.）/朝 阳飞马车辆设备股份公司（Trailer Master CVSInc.）、乔伊汉德（广州）进出口有限责任公司 （Guangzhou Joyhand Import & Export Co.）、Hebei Iruijin Auto Parts Co., Ltd.、Henan Broad Top Metal Work, Llc、Henan Valiant Braking System Co.、HTS (Tianjin) Supply Chain Co., Ltd.、P ...

Core Viewpoint - The U.S. International Trade Commission (ITC) has made a preliminary affirmative ruling in the first sunset review of anti-dumping and countervailing duties on carbon alloy steel screws imported from China, India, Thailand, and Taiwan, indicating that the removal of these measures could lead to substantial harm to the U.S. domestic industry [1] Group 1 - The ITC's ruling confirms that if the current anti-dumping and countervailing measures are lifted, substantial damage to the U.S. domestic industry from imports of the involved products may continue or reoccur within a reasonably foreseeable period [1] - The existing anti-dumping and countervailing measures will remain in effect following the ITC's decision [1]

Core Viewpoint - The U.S. International Trade Commission (ITC) has made a final affirmative ruling on the anti-dumping and countervailing duties against alkyl phosphates imported from China, determining that these products have caused or threatened substantial harm to the U.S. domestic industry [1] Group 1 - The ITC's ruling confirms that the products in question, classified under U.S. Customs Code 2919.90.5050, have been found to be involved in dumping and subsidization practices [1] - Following the ITC's ruling, the U.S. Department of Commerce will issue anti-dumping and countervailing duty orders on the affected products [1]