2020H1 公司实现营收358.69 亿元，同比下降1.10%；实现归母净利润27.49亿元，同比下降0.57%；扣非归母净利润26.30 亿元，同比下降4.19%；EPS为0.545 元/股，同比下降0.55%；公司2020 年H1 销售费用同比下降28.88%，系根据新收入准则，本期运输费用计入营业成本中所致；管理费用同比增长2.20%；财务费用同比下降41.64%，主要是根据新会计准则，本期票据融资费用计入投资收益中所致。

1 本周行业动态 ....................................................................................................................................................................... 8

1.1 本周钢铁板块走势 ........................................................................................................................................................ 8

1.2 各钢铁板块走势 ........................................................................................................................................................... 8

1.3 本周行业动态 ........................................................................................................................................................................ 8

1.3.1 宏观 ................................................................................................................................................................................. 8

1.3.2 钢铁行业新闻 ................................................................................................................................................................. 9

2 上市公司动态 ..................................................................................................................................................................... 10

2.1 个股周涨跌幅 ............................................................................................................................................................... 10

2.2 重点公司公告 ........................................................................................................................................................... 11

3 数据追踪 ............................................................................................................................................................................ 12

3.1 价格跟踪 ..................................................................................................................................................................... 12

3.1.1 原材料价格 ................................................................................................................................................................... 12

3.1.2 钢材价格 ....................................................................................................................................................................... 13

3.2 钢材基本面 .................................................................................................................................................................. 14

3.2.1 库存监控 ....................................................................................................................................................................... 14

3.2.2 原材料供给 ................................................................................................................................................................... 16

3.2.3 钢材供应 ....................................................................................................................................................................... 21

3.2.4 下游需求追踪 ............................................................................................................................................................... 24

3.3 供需变化 ..................................................................................................................................................................... 26

风险提示： ............................................................................................................................................................................ 29