钢铁行业周报：底部渐明节前钢价震荡反弹

华龙证券股份有...2025-01-21

供给端：截至2025 年1 月17 日，五大钢材合计产量824.06 万吨，周环比上升1.93%，同比下降3.65%;247 家钢铁企业铁水日均产量224.48 万吨，周环比上升0.05%，同比上升1.16%;247 家钢铁企业高炉产能利用率84.28%，周环比上升0.04 pct，同比上升1.30 pct;87 家独立电弧炉钢厂产能利用率44.14%,周环比下降6.49 pct,同比下降...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2505236052?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-01-21 00:00","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2505236052","market":"sh","top_or_hot":-1,"title":"钢铁行业周报：底部渐明 节前钢价震荡反弹","media":"华龙证券股份有...","content":"<div>\n<p>供给端：截至2025 年1 月17 日，五大钢材合计产量824.06 万吨，周环比上升1.93%，同比下降3.65%;247 家钢铁企业铁水日均产量224.48 万吨，周环比上升0.05%，同比上升1.16%;247 家钢铁企业高炉产能利用率84.28%，周环比上升0.04 pct，同比上升1.30 pct;87 家独立电弧炉钢厂产能利用率44.14%,周环比下降6.49 pct,同比下降...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250121191223986e01c7&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>钢铁行业周报：底部渐明 节前钢价震荡反弹</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n钢铁行业周报：底部渐明 节前钢价震荡反弹\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-21 00:00 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250121191223986e01c7&s=b><strong>华龙证券股份有...</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>供给端：截至2025 年1 月17 日，五大钢材合计产量824.06 万吨，周环比上升1.93%，同比下降3.65%;247 家钢铁企业铁水日均产量224.48 万吨，周环比上升0.05%，同比上升1.16%;247 家钢铁企业高炉产能利用率84.28%，周环比上升0.04 pct，同比上升1.30 pct;87 家独立电弧炉钢厂产能利用率44.14%,周环比下降6.49 pct,同比下降...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250121191223986e01c7&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2148510915.USD","symbol_name":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250121191223986e01c7&s=b","article_id":"2505236052","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250121191223986e01c7&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2505236052","pubTimestamp":1737388800,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"供给端：截至2025 年1 月17 日，五大钢材合计产量824.06 万吨，周环比上升1.93%，同比下降3.65%;247 家钢铁企业铁水日均产量224.48 万吨，周环比上升0.05%，同比上升1.16%;247 家钢铁企业高炉产能利用率84.28%，周环比上升0.04 pct，同比上升1.30 pct;87 家独立电弧炉钢厂产能利用率44.14%,周环比下降6.49 pct,同比下降14.28 pct。废钢&铸造生铁：截至2025 年1 月17 日，废钢综合绝对价格指数2511.58 元/吨，周环比下降1.00%，同比下降17.79%；铸造生铁综合绝对价格指数3072.04 元/吨，周环比上升0.10%，同比下降15.50%。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"600019":"宝钢股份","600282":"南钢股份","600399":"抚顺特钢","603878":"武进不锈","603995":"甬金股份","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","BK0006":"大央企重组","LU1328615791.USD":"FULLERTON LUX FUNDS - ALL CHINA EQUITIES \"I\" (USD) ACC","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","LU1064130708.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"I\" (USD) ACC","BK0102":"重组","BK0035":"核能核电","BK0188":"融资融券","BK0012":"证金概念","BK0077":"质押式回购","BK0212":"黑色加工","BK0015":"沪股通50","BK0187":"一线龙头","BK0044":"CDM项目","BK0028":"国家队","BK0201":"可转债","BK0024":"航母","BK0256":"金属制品","BK0071":"ST概念","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","000932":"华菱钢铁","LU0229945570.USD":"TEMPLETON BRIC \"A\" (USD) ACC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","002318":"久立特材","BK0070":"员工持股","SGXZ81163826.USD":"UNITED CHINA A-SHARES INNOVATION \"A\" (USD) ACC","BK0119":"LNG","BK0196":"行业龙头","SGXZ49509284.SGD":"United China A Shares Innovation A Acc SGD","BK0010":"央企","BK0162":"油气管网升级","LU0543330566.HKD":"TEMPLETON BRIC \"A\" (HKD) ACC","BK0185":"二线龙头"},"translate_title":"Steel Industry Weekly Report: The bottom is becoming clear, steel prices fluctuate and rebound before the holiday","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600019":1,"600282":1,"600399":0.9,"603878":1,"603995":1,"002318":1,"000932":1},"content_text":"供给端：截至2025 年1 月17 日，五大钢材合计产量824.06 万吨，周环比上升1.93%，同比下降3.65%;247 家钢铁企业铁水日均产量224.48 万吨，周环比上升0.05%，同比上升1.16%;247 家钢铁企业高炉产能利用率84.28%，周环比上升0.04 pct，同比上升1.30 pct;87 家独立电弧炉钢厂产能利用率44.14%,周环比下降6.49 pct,同比下降14.28 pct。五大钢材中线材及热轧卷板供给周环比上涨，其他钢材供给周环比下跌，铁水日产周环比微增。需求端：截至2025 年1 月17 日，五大钢材合计消费量804.91万吨，周环比上升1.65%，同比下降2.52%；主流贸易商建筑用钢日成交量4.42 万吨，周环比下降43.03%，同比下降56.00%；2024年12 月钢材单月出口数量合计927.70 万吨，月环比上升4.83%，同比上升25.87%，月度累计出口数量合计11071.60 万吨，月环比上升9.26%，同比上升22.66%。五大钢材中线材及热轧卷板消费量周环比上涨显著，主流贸易商建筑用钢日成交量淡季周环比下降。库存端：截至2025 年1 月17 日，五大钢材合计社会库存796.67万吨，周环比上升1.98%，同比下降19.80%；五大钢材合计厂内库存354.83 万吨，周环比上升1.05%，同比下降17.30%。五大钢材延续累库，但整体来看，长材库存较2024 年同期偏低。成本端：铁矿石：截至2025 年1 月17 日，澳洲粉矿日照港62%Fe价格指数786.2 元/湿吨，周环比上升3.39%，同比下降22.37%；印度粉矿青岛港61%Fe 价格719.4 元/湿吨，周环比上升4.66%，同比下降21.19%；截至2025 年1 月10 日，19 个港口澳洲&巴西铁矿石发货量2387.5 万吨，周环比下降9.02%，同比上升4.39%；45 个港口铁矿到港量2344 万吨，周环比下降17.30%，同比下降20.53%。废钢&铸造生铁：截至2025 年1 月17 日，废钢综合绝对价格指数2511.58 元/吨，周环比下降1.00%，同比下降17.79%；铸造生铁综合绝对价格指数3072.04 元/吨，周环比上升0.10%，同比下降15.50%。焦煤&焦炭：截至2025 年1 月17 日，低硫主焦煤价格指数1406.32 元/吨，周环比下降0.32%，同比下降42.30%；唐山一级冶金焦汇总价格1920 元/吨，周环比下降1.13%，同比下降28.62%；230 家独立焦化厂产能利用率72.85%，周环比上升0.31 pct，同比上升2.05 pct；独立焦化企业：吨焦利润-7元/吨，周环比亏损减少。价格端：截至2025 年1 月17 日，Mysteel 普钢绝对价格指数 3607.22 元/吨，周环比+1.65%，月环比-1.82%，同比-14.31%；Mysteel 特钢绝对价格指数9484.43 元/吨，周环比-0.03%，月环比-0.10%，同比-2.62%；2025 年1 月10 日，全球钢材价格指数193.4 点，周环比+0.10%，月环比-1.07%，同比-18.98%。钢材需求淡季，受市场情绪好转及春季躁动等因素影响，预计钢价短期围绕宏观预期震荡偏强运行。行业要闻：2025 年1 月17 日，国家统计局发布的数据显示，2024年全国固定资产投资514374 亿元，同比增3.2%。制造业投资同比增9.2%。基础设施投资同比增4.4%，其中水利管理业投资增41.7%，航空运输业投资增20.7%，铁路运输业投资增13.5%。投资建议：财政政策预期宽松及市值管理落地都有望带动板块估值提升。需求端，行业有望在地产基建筑底企稳、制造业持稳向好的支撑下保持平稳。供给端，在经历长时间亏损后，已就促进联合重组和落后产能退出的必要性达成共识。产业集中度提升、产量结构调整、产品高质量发展是行业转型的必然趋势，维持行业“推荐”评级，建议关注：1）具有产品结构优势及规模效应的行业龙头：宝钢股份（600019.SH）、南钢股份(600282.SH)、华菱钢铁等(000932.SZ)；2）具有高壁垒、高附加值产品的特钢公司：久立特材（002318.SZ）、武进不锈（603878.SH）、甬金股份（603995.SH）。风险提示：下游需求修复不及预期、产能出清不及预期、政策不及预期、地缘环境恶化、极端天气频发、数据的引用风险。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2505236052","isCrawlerRequest":true}

钢铁行业周报：底部渐明 节前钢价震荡反弹

精彩评论

钢铁行业周报：底部渐明节前钢价震荡反弹