中国钢铁出口的竞争力，很大程度上建立在廉价电力基础上。 作为"电力吞噬器"行业，钢铁生产成本中电力占比极高。 过去十年，中国通过巨额基建投入建成全球最庞大的电力系统，形成稳定低价的能源供应优势。 但这一优势在出口领域逐渐演变为漏洞：国际买家低价采购中国钢材，实则享受了中国的能源和环境补贴。 这种补贴的代价触目惊心。 钢铁行业占全国碳排放总量15%，是制造业中碳排放最大的领域。 2025年12月12日，商务部和海关总署的一纸公告引爆行业：自2026年1月1日起，中国将对钢铁产品全面实施出口许可证管理。 这意味着，过去16年来钢铁自由出口的时代正式终结。 公告发布当天，钢铁产业链企业火速调整策略，部分贸易商通宵清理库存，钢厂紧 急召开会议评估出口资质。 这场调整并非突然之举，而是中国对长期"能源补贴全球"模式的彻底告别。 2025年前11个月，中国钢材出口量已达1.077亿吨，同比增长6.7%，全年出口量预计突破1.15亿吨，刷新2015年的历史纪录。 但数字背后隐藏着严峻问题：出口均价同比下跌，部分低附加值产品陷入"量增价跌"的恶性循环。 中国以消耗自身能源和环境为代价，变 相补贴全球钢铁消费的模式已难以为继。 ...

央视网消息：据市场监管总局网站消息，为充分发挥典型案例的示范引领作用，助力经营主体合规发 展，市场监管总局在现有的经营者集中简易案件公示、附条件批准案件和禁止案件审查决定公告、无条 件批准案件列表公示等案件公开制度的基础上，进一步加大经营者集中审查案件公开力度，现选取3起 无条件批准的非简易案件典型案例予以公布。 本次公布的典型案例涉及不同交易类型与行业，如涉及工业气体领域横向集中的杭州市国有资本投资运 营有限公司收购浙江盈德控股集团有限公司股权案、涉及药品零售领域纵向集中的高济医药有限公司收 购天济大药房连锁有限公司等三家公司股权案等。公开这些典型案例有利于帮助企业进一步提高申报效 率和申报质量，为投资并购营造公开、透明、可预期的制度环境。 相关案例不是案件事实的完整复现，重点在于呈现反垄断执法机构在经营者集中审查实践中的关注要点 与竞争分析思路，包括案件程序的适用，控制权变化的认定，相关市场的界定，横向、纵向等关系的认 定，市场份额和市场集中度的估算，评估单边效应、协调效应、封锁效应的考虑因素，相关证据材料的 考量等，在参考使用上需要结合具体情境灵活运用。 典型案例1 杭州市国有资本投资运营有限公司收购浙 ...

Overall Situation of Steel Products Import and Export - In September 2025, China exported 10.465 million tons of steel, a month-on-month increase of 10.0%, with an average export price of $679.1 per ton, down 2.7% from the previous month [2][3] - Cumulatively, from January to September, China exported 87.955 million tons of steel, a year-on-year increase of 9.0%, with an average export price of $696.7 per ton, down 9.5% year-on-year [2][3] - In September, China imported 548,000 tons of steel, a month-on-month increase of 9.7%, with an average import price of $1,623.1 per ton, down 1.8% from the previous month [2][3] - Cumulatively, from January to September, China imported 4.532 million tons of steel, a year-on-year decrease of 12.6%, with an average import price of $1,692.3 per ton, up 1.1% year-on-year [2][3] Export Situation of Steel Products - In September, the export volume of major steel varieties increased, with significant growth in hot-rolled sheets and coated sheets [5] - Exports to ASEAN, African Union, and Gulf Cooperation Council countries saw notable increases, while exports to the European Union decreased [5][10] - Among 22 major steel varieties, only three showed a month-on-month decline in export volume, while several key varieties saw increases of over 10% [7][8] Import Situation of Steel Products - In September, the import scale of steel continued to rise, with a stable overall import structure [12][17] - 15 out of 22 major steel varieties saw a month-on-month increase in import volume, with significant growth in cold-rolled wide steel strips [15] - The import volume from major countries, except Germany, generally increased month-on-month [17] Future Outlook - The export volume of steel and steel billets remains high, with September's monthly steel export volume exceeding 10 million tons [18] - Exports to Southeast Asia and the Middle East are increasing, but competition in these markets is intensifying [18] - Emerging economies are imposing trade restrictions on Chinese steel products, prompting recommendations for exporters to manage their export pace and protect their rights [18]

Economic Policy - The July 30 meeting emphasized the need for continuous macroeconomic policy support and timely enhancements, focusing on more proactive fiscal policies and moderately loose monetary policies to fully unleash policy effects [1][8] - The meeting highlighted the importance of cultivating new growth points in service consumption and expanding consumer demand while ensuring the improvement of people's livelihoods [1][9] Market Dynamics - On July 30, the Hang Seng Index fell by 1.36%, while the Hang Seng Tech Index dropped by 2.72%. Southbound funds recorded a net purchase exceeding 10 billion HKD [4] - China Chang'an Automobile Group reported a total revenue of 146.9 billion CNY for the first half of the year, with a target of 300,000 vehicles for the year, including 1 million in new energy vehicle sales [4] Industry Developments - The National AI Open Source Platform "Huanxin Community" was officially launched, with ZTE contributing 11 core technology achievements, including six self-developed large models [5] - The China Coking Industry Association called for a price increase in the coking market, with specific price adjustments for various types of coke effective from July 31 [5] Stock Market Movements - On July 30, polysilicon futures reached a limit-up price of 54,770 CNY/ton, marking a 9% increase [7] - The stock of Upwind New Materials experienced significant volatility, with a closing price of 92.07 CNY/share, up 9.37%, and a total market value of 37.1 billion CNY [7] Corporate Announcements - Nanjing Hongtai Sun Co., Ltd. announced a price increase for its 42% paraquat mother liquor to 15,000 CNY/ton due to fluctuating raw material prices and high demand [6] - Li Auto's stock saw a decrease in shareholding by BlackRock from 5.01% to 4.61% as of July 24 [4]

Core Viewpoint - The Chinese customs authority has announced new regulations to standardize the import management of recycled black powder used in lithium-ion batteries and recycled steel materials [1] Group 1 - The new regulations aim to enhance the management and quality control of imported recycled materials, which are critical for the production of lithium-ion batteries and steel [1] - The move is expected to impact the supply chain for companies involved in the production of electric vehicles and renewable energy technologies, as they rely heavily on these recycled materials [1] - The regulations may lead to increased costs for importers and manufacturers who need to comply with the new standards, potentially affecting pricing strategies in the market [1]

Group 1 - The domestic scrap steel market is experiencing a consolidation phase with a lack of trading activity and low procurement enthusiasm from steel companies [1] - Average procurement prices for scrap steel from key steel enterprises have decreased, with heavy scrap down by 10 CNY/ton, medium scrap down by 11 CNY/ton, and mixed scrap down by 7 CNY/ton compared to the previous week [1] - In May, the import of recycled steel raw materials was 23,600 tons, a month-on-month decrease of 24.90% and a year-on-year decrease of 5.31% [1] Group 2 - In East China, scrap steel prices remain stable, with slight decreases in procurement prices from various steel companies due to high temperatures affecting processing and transportation [2] - In Central China, the scrap steel market is weakly stable, with low inventory levels and reduced procurement prices from several steel companies [2] - In South China, the scrap steel market is under pressure, with companies reducing procurement prices to mitigate risks due to narrowing profit margins [2] Group 3 - In Southwest China, scrap steel prices are declining, with low confidence among merchants and cautious procurement by steel companies [3] - In Northwest China, scrap steel prices are slightly increasing, supported by limited market circulation resources [3] - In Northeast China, scrap steel prices are fluctuating, with steel companies adopting a cautious procurement strategy amid weak supply and demand [3] Group 4 - In North China, the scrap steel market is weak, with reduced consumption by steel companies leading to downward pressure on prices [3]

Core Viewpoint - The announcement by the Ministry of Ecology and Environment aims to regulate the import management of recycled black powder and recycled steel raw materials used in lithium-ion batteries, promoting the recycling of resources and ensuring compliance with specific guidelines [1] Summary by Relevant Categories Import Regulations - Recycled black powder for lithium-ion batteries is not classified as solid waste and can be imported freely, provided it is not mixed with other types of recycled materials [1] - Recycled black powder must not be imported in bulk and should be categorized separately during customs declaration [1] - Recycled steel raw materials are also not classified as solid waste and can be imported freely, with similar restrictions on mixing with other recycled materials [1] Customs Declaration - Different types of recycled black powder cannot be declared under the same customs declaration form [1] - For recycled steel, different categories can be declared under the same customs declaration form if they are independently packaged or physically separated [1] - Mixed loading of different categories of recycled steel is allowed if they can be distinguished during unloading [1]