6月，高端装备制造业主要子行业进出口情况出现分化。当月，航空装备出口额、进口额同比分别增长22.81%、下跌19.14%；轨道交通装备出口额、进口额同比分别增长79.21%、下降12.78%；船舶工业出口额、进口额同比分别增长12.88%、20.39%。智能制造方面，1～6 月，工业机器人产量同比增长 52.3%，继续保持快速增长势头。

The global industrial joysticks market covers electric, hydraulic, and others (switch,pneumatic) joysticks. The report focuses on the heavy-duty joysticks that are used in heavy industries. Industrial joysticks generally enable ease in handling heavy-duty equipment and devices in harsh and extreme weather and terrain conditions. Industrial joysticks are generally used in industries like maritime, oil and gas, construction, and mining.The market has a few major multinational players and other private firms with a regional distribution network. The market is widely distributed all over the world with the support of online sales.

Industrial valves are mechanical devices that are used to regulate, monitor, and control the flow of fluids in an industrial facility. Valves operated by opening,closing, or partially blocking passage ways to allow movement of fluids from a direction of high pressure to low pressure, or vice-versa. Valves are used across several discrete and process industries for transporting fluids between two pointswithin an enclosed system.Actuators are devices used to manually/automatically control the movement and action of valves. Based on the type of valves, they are used for the desired action.Automatic actuators can be pneumatic, hydraulic, or electric. Manually operatedactuators have been excluded from the scope of this report.

Industrial valves are mechanical devices that are used to regulate, monitor, and control the flow of fluid in an industrial facility. Valves operate by opening, closing or partially blocking passage ways to allow movement of fluids from a direction of high pressure tolow pressure or vice versa. Valves are used across several discrete and process industries for transporting fluids between two points within an enclosed system.Among the end-users of industrial valves, the oil and gas industry is the major shareholder in terms of revenue due to the criticality of operations and requirement of devices for movement of fluids from one subprocess to another.The oil and gas industry is one of the major end-users of industrial valves. The industry contributes a significant share in terms of the overall market revenue. Owing to the criticality of processes carried out in the oil and gas sector and the need to transportfluids from one stage of the process to another, industrial valves find increased applications in this sector. The industrial valves ensure smooth operations by regulating and controlling the movement of fluids.Increased exploration and production activities are being witnessed in North America,the Middle East and Africa (MEA), and APAC. These activities contribute largely to the steady market growth. In 2016, EMEA dominated the global industrial valves market in oil and gas industry by accounting for 59.31% share of the overall market revenue. The Americas and APAC are the other shareholders of the market, with APAC projected to record the highest CAGR among all regions globally.

固定资产投资的高点已过，预计钢材需求将趋弱。“地条钢”淘汰已完成，年度去产能任务也已完成 85%以上，后续淘汰压力大幅减小，电炉产能释放压力将逐步加大。我们认为钢价下行压力增大，行业盈利能力将从高位震荡下行。钢铁板块估值并不便宜，一季度年化 PE 高达20 倍。短期可以关注中报业绩预期不错且估值不高的公司，如*ST 华菱，但维持行业“中性”投资评级。

本周钢厂高炉开工率 77.49%，周环比回升 0.28 个百分点。Mysteel预估 8 月上旬全国粗钢产量 2406.14 万吨，日均产量 240.61 万吨，环比7 月下旬上升 0.19%。五大品种社会库存 943.18 万吨，周环比下降 2.62万吨。螺纹钢库存周增 6.6 万吨，库存仍在低位平衡区域震荡。

上周市场大幅回调，8 月 11 日上证综指下跌 1.63%，创年内单日最大跌幅；前期涨幅较大的周期股出现大幅下跌。我们认为，随着周期股热度的减弱，以“华北无煤区”为代表的强主题有望迎来投资机会，建议关注相关机械设备公司。