上半年钢铁业盈利改善，行业转型发展态势向好

The profitability of the steel industry improved in the first half of the year, with positive trend in its transformation and development trend

【环球网财经综合报道】日前，多家钢铁上市公司发布业绩预告。上半年，钢铁行业整体盈利能力提升。

[Global Times Finance Comprehensive Report] Recently, several listed steel companies have released earning guidance. In the first half of the year, the overall profitability of the steel industry improved.

据友发集团业绩预告，预计上半年实现净利润2.77亿元至3.07亿元，同比增长151.69%至178.93%；山东钢铁预计上半年扭亏为盈，利润总额达2.93亿元左右，较上年同期增利约13.54亿元；三钢闽光也披露，预计上半年归属于上市公司股东的净利润约为1.31亿元，同比增加3.65亿元。首钢股份上半年净利润盈利6.42亿元–6.72亿元，比上年同期增长62.62%-70.22%。

According to the earning guidance of Youfa Group, it is expected to achieve a net profit of 277 million to 307 million yuan in the first half of the year, representing a year-on-year increase of 151.69% to 178.93%; Shandong Iron and Steel is expected to turn a profit in the first half of the year, with a total profit of approximately 293 million yuan, an increase of about 1.354 billion yuan compared to the same period last year; Sangang Minguang also disclosed that the net profit attributable to shareholders of listed companies in the first half of the year is expected to reach approximately 131 million yuan, representing a year-on-year increase of 365 million yuan. Shougang Co., Ltd. reports a net profit of 642 million to 672 million yuan in the first half of the year, marking an increase of 62.62% to 70.22% over the same period last year.

业内认为，钢厂成本下移也带动了利润的修复。华创证券研报指出，今年上半年随着原燃料价格显著回落，带动钢铁成本不断下移。根据Mysteel绝对价格指数，上半年炼焦煤价格累计下跌27%，焦炭价格累计下跌32%，进口铁矿石价格累计下跌9%。另外，钢厂在经历多年“高成本、低价格”局面后，在产品结构优化、工艺成本降低等方面取得长足进步。虽然上半年行业依然受到供需间矛盾影响，钢材价格同步下降，但优质上市公司利润仍取得同比增长。

The industry believes that the downward shift in steel mill costs has also led to the recovery of profits. Huachuang Securities Research Report pointed out that in the first half of this year, with the significant drop in raw and fuel prices, steel costs continued to decline. According to the Mysteel absolute price index, in the first half of the year, coking coal prices totally fell by 27%, coke prices totally dropped by 32%, and imported iron ore prices totally decreased by 9%. Additionally, after enduring years of "high costs and low prices", steel mills have made substantial progress in optimizing product structure and reducing process cost. Although the industry was still affected by the imblances between supply and demand in the first half of the year, with steel prices declining accordingly, the profits of high-quality listed companies still achieved year-on-year growth.

值得注意的是，在2025“我的钢铁”年中大会上，中国钢铁工业协会副会长王颖生谈到，当前我国钢铁总产量已达峰值，未来国内粗钢消费量预计保持在8-9亿吨，行业减量发展趋势明显，但产业集中度提升。品种结构逐步优化，钢筋减产、热轧板卷增产；出口品种结构持续优化，热轧板卷、电工钢占比不断增加，国外用户对中国钢材认可度稳步提升。行业整体纳入碳交易市场，坚持走绿色发展、数字化转型之路。（闻辉）

It is worth noting that at the 2025 "My Steel" mid-year conference, Wang Yingsheng, vice president of the China Iron and Steel Industry Association, stated that China's current total steel output has reached its peak, Domestic crude steel consumption is projected to stabilize at 800-900 million tons in the future, indicating a clear trend toward reduced production capacity within the industry, though industrial concentration is increasing. The variety structure is gradually optimized, with reduced rebar production and increased hot-rolled coil output; The structure of export varieties continues to be optimized, the proportion of hot-rolled coils and electrical steel continues to increase, and foreign users' recognition of Chinese steel products steadily grows. The entire industry is integrated into the carbon trading market and adheres to the path of green development and digital transformation. (Wen Hui)