生态环境部：钢铁行业做好加减法抓紧谋转型

Investment Rating - The industry rating is Neutral, indicating that the expected overall return in the next six months will be between -5% and 5% relative to the CSI 300 index [11] Core Insights - The steel industry is undergoing a transformation with a focus on carbon reduction and green technology applications, as mandated by the Ministry of Ecology and Environment [6] - The carbon market is expanding, with the steel industry being included for the first time, requiring companies to adapt to new carbon quota management starting in 2024 [6] - Companies like Jiangsu Jiaxuan Intelligent are being recognized for their contributions to energy-saving solutions in the steel sector, promoting low-carbon transformation [7] Industry Data - As of April 17, 2025, the steel industry saw mixed performance in stock prices, with notable gains in companies like Honghai Technology (+8.40%) and Shagang Co. (+3.76%), while others like Jiuli Special Materials (-2.38%) faced declines [4] - Futures prices for steel products showed slight declines in rebar (-0.45%) and hot-rolled coils (-0.75%), while wire rod increased slightly (+0.27%) [5] - Current prices for key steel products are as follows: Iron ore at 715.21 CNY/ton, wire rod at 3339.91 CNY/ton, and hot-rolled coils at 3185.62 CNY/ton [5] Company Performance - Benxi Steel achieved an 8% year-on-year increase in automotive plate production, reaching 2.825 million tons, while also reducing costs by 101 CNY per ton [8] - Maanshan Steel's new high-temperature steel billet insulation device enhances production efficiency, particularly for high-end alloy steel [8] - Panzhihua Steel has improved its iron production cost ranking by 8 places through economic smelting technology [8] Sub-industry Ratings - The ratings for sub-industries are all Neutral, including common steel, other steel, and special materials [8]