港股异动 | 钢铁股早盘普涨 钢铁行业稳增长工作方案发布 反内卷背景下供给侧变革有望加速

智通财经
Sep 22

智通财经APP获悉,钢铁股早盘普涨,截至发稿,重庆钢铁股份(01053)涨2.92%,报1.41港元;马鞍山钢铁股份(00323)涨1.61%,报2.52港元;中国罕王(03788)涨1.1%,报3.67港元。

消息面上,9月22日,工业和信息化部等部门联合印发《钢铁行业稳增长工作方案(2025—2026年)》,明确未来两年钢铁行业增加值年均增长目标设定在4%左右。该方案以“稳增长、防内卷”为核心,为中国钢铁行业的结构性调整与高质量发展指明实施路径。《工作方案》提出,实施产能产量精准调控、推进钢铁企业分级分类管理,严禁新增产能,引导资源要素向优势企业集聚,通过产量调控促进优胜劣汰,实现供需动态平衡。

有专家为此表示,新方案确立的“设备更新”与“低碳转型”成为未来竞争的两大核心议题。根据方案,钢铁企业必须加速淘汰落后设备,尤其是老旧高炉、转炉等限制性生产装备。同时,方案明确要求,到2025年底,80%以上的钢铁产能完成超低排放改造。

中金认为,展望2H25,在反内卷背景下,产量调控有望落地,叠加处于底部的库存周期有望伴随市场预期的回升反转,行业供需改善可期。与此同时,炉料格局恶化,进一步提升盈利周期修复的确定性与弹性。目前钢铁行业正处在大周期底部反转的左侧,周期底部已逐步清晰,看好行业周期向上共振,底部反转或可期。

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