新华财经北京1月12日电钢银电商最新数据显示，截至1月12日当周，全国38个城市，共计135个仓库的 城市钢材总库存量为698.22万吨，较上周环比减少6.40万吨，降幅0.91%。 其中，建筑钢材库存总量为296.35万吨，较上周环比减少5.24万吨（-1.74%)，包含30个城市，共计79个 仓库。热卷库存总量为208.78万吨，较上周环比增加2.03万吨（+0.98%)，包含15个城市，共计47个仓 库。中厚板库存总量70.13万吨，较上周环比减少1.57万吨（-2.19%)，包含9个城市，共计14个仓库。冷 轧涂镀库存总量为122.96万吨，较上周环比减少1.62万吨（-1.30%)，包含5个城市，共计14个仓库。 （文章来源：新华财经） ...

期货交易咨询业务资格：证监许可【2011】1285号 请务必阅读正文后的免责声明。本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 华联期货钢矿周报 钢厂铁水持续回升，钢材库存小幅累库 20260111 孙伟涛 0769-22110802 从业资格号：F0276620 交易咨询号：Z0014688 审核人：萧勇辉，从业资格号：F03091536,交易咨询号：Z0019917 1 周度观点及策略 2 期现市场 3 需求端 4 库存端 5 供应端 6 原料端-铁矿石 请务必阅读正文后的免责声明。本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读正文后的免责声明。本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 周度观点及策略 螺纹钢观点 请务必阅读正文后的免责声明。本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 u 库存：最新五大钢材库存开始累库，其中虽然存在元旦假期影响，但随着需求逐渐转弱，累库压力增加。其 中 ...

本周热卷库存总量为206.75万吨，较上周环比增加7.46万吨（+3.74%)，包含15个城市，共计47个仓库。 本周中厚板库存总量71.70万吨，较上周环比增加0.42万吨（+0.59%)，包含9个城市，共计14个仓库。 本周冷轧涂镀库存总量为124.58万吨，较上周环比增加0.56万吨（+0.45%)，包含5个城市，共计14个仓库。 | | | | 1月5日全国城市库存 | | | --- | --- | --- | --- | --- | | 品种 | 12月15日 | 12月22日 | 12月29日 | 1月5日 | | 建筑钢材 | 370.87 | 339.33 | 311.63 | 301.59 | | 热巻 | 218.89 | 205.30 | 199.29 | 206.75 | | 中厚板 | 76.43 | 75.48 | 71.28 | 71.70 | | 冷轧涂镀 | 126.32 | 125.54 | 124.02 | 124.58 | | 总计 | 792.51 | 745.65 | 706.22 | 704.62 | 新华财经北京1月5日电钢银电商数据显示，截至1月5日，全国钢 ...

【成都讯】 随着成渝地区双城经济圈建设持续提速，四川盛世钢联国际贸易有限公司紧抓发展机遇，工业制造、建筑结构、能源交通等领域对高品质板材 的需求日益旺盛。依托"钢板全品类、采买一站式、批发高效率"的综合优势，已成为成都地区极具竞争力的板材采买批发厂家型钢材集团，为区域重点工程 与制造企业持续提供稳定、优质、高效的板材供应支持。 今日，公司板材产品线全面升级，涵盖中厚板、热轧卷、花纹卷、开平板、酸洗卷、冷轧卷、镀锌卷、彩涂卷、镀铝锌卷、锌铝镁卷等十大核心品类，构建 覆盖建筑、桥梁、汽车制造、家电外壳、钢结构厂房等多场景的综合解决方案，进一步巩固在西南市场的领先地位。 产品矩阵齐全，满足多领域"精准匹配"需求 公司坚持"以需定产、以用定材"的服务理念，产品线全面覆盖工业与建筑常用板材类型，精准响应不同客户应用场景： 中厚板：强度高、耐压性强，广泛用于桥梁结构、压力容器、重型机械制造，支持定尺切割与表面处理； 热轧卷与开平板：延展性好、加工性能优，是冷轧与镀锌产品的基础原料，也适用于大型结构件制作； 花纹卷：防滑耐磨，常用于货箱底板、踏板、平台走道，提升安全性能； 酸洗卷：表面洁净、无氧化皮，是冷轧与涂镀前处理的关 ...

Core Viewpoint - The company, New Steel Co., has provided insights into its product categories and market strategies in response to investor inquiries, indicating a flexible approach to adjusting metal flows and product structures based on market conditions [2] Product Categories - The main product categories of the company include rebar, wire rod, medium and heavy plates, hot-rolled coils, cold-rolled sheets, electrical steel, special steel strips, and others such as steel strands [2] - The company emphasizes that detailed data on each product can be found in its annual reports [2]

智通财经APP获悉，中信建投发布研报称，2025年1-11月，中国钢铁行业在需求疲弱的背景下实现了显 著的利润修复，呈现出"总量收缩但利润增长"的独特现象。黑色金属冶炼和压延加工业实现利润总额 1115亿元，同比大幅增长1752.2%。这一成绩并非来自需求扩张，而是行业在成本让利、供给自律与产 品结构升级等多重因素共同作用下的成果。成本端实质性让利是本次利润改善的首要因素。 展望2026年，钢铁行业将延续"供给收缩、需求承压"的弱平衡格局。铁矿石供需转向宽松(西芒杜项目 放量)、政策端持续推动产能压减，为成本优化提供空间；但地产下行周期难逆转，普钢需求承压态势 或将延续。行业能否巩固利润修复成果，取决于高端产品竞争力构建与自律生产机制的持续性，通过技 术创新与精益管理锻造核心竞争力。 这表明行业正从规模扩张转向价值创造，高端化转型成效初显。出口超预期增长为国内过剩产能提供了 分流渠道。1-11月钢材出口量达1.08万吨，同比增长6.7%，有效对冲了国内建筑用钢需求下滑的压力。 此外，行业自律性增强，"反内卷"政策及"三定三不要"原则的落实，避免了恶性竞争，助力价格企稳。 尽管利润总额大幅提升，行业深层矛盾仍未 ...

新华财经北京12月29日电钢银电商最新数据显示，截至12月29日的一周，全国38个城市，共计135个仓 库城市钢材总库存量为706.22万吨，较上周环比减少39.43万吨，降幅5.29%。 其中，本周建筑钢材库存总量为311.63万吨，较上周环比减少27.70万吨（-8.16%)，包含30个城市，共 计79个仓库。热卷库存总量为199.29万吨，较上周环比减少6.01万吨（-2.93%)，包含15个城市，共计47 个仓库。中厚板库存总量71.28万吨，较上周环比减少4.20万吨（-5.56%)，包含9个城市，共计14个仓 库。冷轧涂镀库存总量为124.02万吨，较上周环比减少1.52万吨（-1.21%)，包含5个城市，共计14个仓 库。 （文章来源：新华财经） ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：601003 证券简称：柳钢股份 公告编号：2025-058 柳州钢铁股份有限公司 第九届董事会第十八次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 柳州钢铁股份有限公司（以下简称"公司"或"柳钢股份"）第九届董事会第十八次会议于2025年12月25日 在公司会议室以现场结合通讯表决的方式召开。会议通知于2025年12月18日以电子邮件的方式送达各位 董事。会议应出席董事9人，实际出席董事9人。本次会议由董事长卢春宁先生主持，公司高级管理人员 列席本次会议。本次会议的召开符合《公司法》和《公司章程》的有关规定，会议合法有效。 1、公司与诺德基金管理有限公司签署《柳州钢铁股份有限公司以简易程序向特定对象发行股票附生效 条件的股份认购协议》； 2、公司与广西桂环壹号股权基金合伙企业（有限合伙）签署《柳州钢铁股份有限公司以简易程序向特 定对象发行股票附生效条件的股份认购协议》； 二、董事会会议审议情况 （一）以9票同意，0票反对，0票 ...

Supply Side - The steel industry is expected to see an increase in valuation driven by supply-side production regulation and more proactive fiscal policies [1] - By 2025, ongoing regulatory policies will focus on innovative capacity governance, emphasizing quality and structure over mere capacity reduction, marking a shift towards more refined and long-term industry governance [1] - As of November 2025, the cumulative crude steel production in China is projected to be 890 million tons, a year-on-year decrease of 4.04%, indicating an increase in industry self-discipline and a tightening supply trend expected to continue into 2026 [1] Demand Side - Steel exports are anticipated to play a crucial role in alleviating domestic supply-demand imbalances, with cumulative steel exports reaching approximately 110 million tons by October 2025, a year-on-year increase of 13.29 million tons [2] - Although the demand for construction steel is still facing a downward trend, the rate of decline is narrowing, indicating that demand is nearing its bottom [2] - The demand for steel in manufacturing is expected to remain stable, driven by sectors such as automotive, home appliances, and new infrastructure projects like wind power and 5G, which are increasing consumption of various steel products [2] Cost Side - Global iron ore demand is expected to decline overall, with China's structural upgrades and capacity replacements leading to a gradual decrease in steel demand, while growth in other emerging markets is insufficient to offset this reduction [3] - In the first half of 2025, supply easing is expected to suppress coking coal prices, with price drivers primarily influenced by supply adjustments rather than strong demand growth [3] - The price of scrap steel is projected to remain stable with no significant fluctuations, indicating a low probability of drastic price changes in 2026 [3]

Core Insights - The steel industry is expected to recover in 2025 after three years of decline, driven by improvements in cost and supply sides [4][7][16] - The majority of profits in the black industrial chain are captured by iron ore, with profit shares of 72% for iron ore, 6% for coking coal, and 22% for steel [4][7] - The West Manganese project is seen as a potential solution to redirect profits back to the domestic steel industry [4][7] Profitability - In Q4 2025, prices for rebar, hot-rolled, iron ore, and coking coal decreased by 7.1%, 6.0%, 1.0%, and 12.5% year-on-year, respectively, with coking coal showing a significant price drop [7][18] - The decline in coking coal prices has alleviated cost pressures for steel companies, leading to a rebound in profitability [18][21] - The overall profit for the steel industry is expected to improve as demand stabilizes and costs decrease [7][21] Supply - The actual crude steel production in 2025 is expected to remain flat year-on-year, despite improved profitability encouraging production [20][21] - The supply side has not yet contracted as expected, with administrative production limits still pending implementation [16][20] - The discrepancy in production statistics indicates that crude steel output may be underestimated due to reporting practices [21][23] Demand - Steel inventory has been successfully reduced to low levels, indicating a stabilization in apparent consumption [26][27] - The demand structure shows a decline in rebar consumption by 5.4%, while hot-rolled and cold-rolled products saw increases of 1.2% and 1.5%, respectively [30][31] - Strong external demand, particularly in machinery and equipment exports, is expected to support steel demand [31][40] Outlook for 2026 - Steel demand is anticipated to remain stable, supported by infrastructure and manufacturing investments as outlined in the 14th Five-Year Plan [42][46] - The decline in new housing starts is expected to moderate, reducing the negative impact on steel demand from the real estate sector [46][48] - Global monetary and fiscal policies are expected to become more accommodative, further supporting steel demand through improved economic conditions [48][49] Policy and Regulation - The introduction of export license management for certain steel products aims to curb low-end exports and improve market stability [51][52] - The focus on "graded management" policies is expected to lead to a reduction in outdated production capacity, benefiting compliant and high-quality steel producers [52]