According to the data of CISA, up to now, 30 enterprises and 172 million tons of crude steel production capacity have completed the whole process ultra-low emission transformation, assessment and monitoring; 22 enterprises completed part of the link transformation and publicized it on the website of CISA; The accumulated investment in ultra-low emission transformation of iron and steel enterprises across the country has exceeded 150 billion yuan.
According to insiders, enterprises that have completed the ultra-low emission transformation and meet the transformation standards will be recognized as class A enterprises, and will be greatly exempted from the production limitation in the heating season and the production suspension and limitation in heavily polluted weather, which will help the stable operation of enterprises.
Orderly low-carbon transformation
According to the data released by CISA, China has basically completed nearly 400 million tons of steel production capacity of the main transformation project, and the accumulated investment in ultra-low emission transformation has exceeded 150 billion yuan. By 2025, 800 million tons of steel production capacity transformation project will be completed, and about 400 million tons will be implemented. Based on the average investment of 360 yuan per ton of steel, the additional investment will be no less than 150 billion yuan.
According to CISA, the low-carbon transformation of the steel industry is being carried out in an orderly manner. CISA officially released the "double carbon" vision and technical roadmap of China's steel industry, established the low carbon work Promotion Committee of the steel industry, and launched the environmental product declaration (EPD) platform of the steel industry to pool the industry's low carbon transformation and development force from multiple levels, angles and fields. Leading steel enterprises have issued low-carbon development action routes one after another, actively promoted the R & D and demonstration of large-scale decarbonization technology routes, and cooperated with upstream and downstream industries to jointly promote energy structure reform.
According to the announcement of listed steel enterprises, many steel enterprises are striving to improve the level of green and low-carbon development.
In the investor relations record disclosed recently, Valin Steel said that the state's requirements for ultra-low emission and low-carbon development of steel enterprises have become stricter, and the company has focused on promoting low-carbon green transformation, mainly including ultra-low emission transformation and high-efficiency residual energy power generation projects, and it is expected to continue to generate capital expenditure.
Conducive to stable operation
In an interview with China Securities News, Wang Guoqing, director of Lange Iron and Steel Research Center, said that the purpose of comprehensively implementing ultra-low emission transformation is to establish a fair market-oriented environmental protection regulation mechanism in the steel industry, promote steel enterprises to strengthen green development, force steel production capacity to be distributed in regions with stronger environmental carrying capacity, and help the industry's resource structure, energy structure, industrial structure and transportation structure to move towards a cleaner More efficient direction adjustment. By promoting the transformation of ultra-low emission, the steel industry can effectively reduce the emission of atmospheric pollutants, improve the quality of atmospheric environment, and promote the green transformation and development of steel enterprises.
"From the perspective of the links of ultra-low emission transformation in the steel industry, it is more about the control and monitoring of organized emissions at the production end such as sintering and coking, and unorganized emissions at the loading and unloading, stacking and reclaiming, screening, mixing and batching, transfer, production, road transportation and other links. Enterprises that have completed ultra-low emission transformation and meet the transformation standards will be recognized as class A enterprises, and will be greatly exempted from production limitation in the heating season and production suspension and limitation in heavily polluted weather Therefore, it is more conducive to the stable operation of enterprises. However, for enterprises that have not completed the ultra-low emission transformation, they will be subject to greater production restrictions in air pollution control because of their emissions. " Wang Guoqing said.
This view has also been confirmed by many steel enterprises.
At the interim performance meeting, the management of Shandong Iron and steel pointed out that "the company achieved a net profit of about 1.7 billion yuan in the first half of 2022, of which Rizhao Branch achieved a net profit of more than 1.3 billion yuan, and Laiwu branch achieved a net profit of only 310 million yuan." the company said that the output of Laiwu branch decreased significantly in the first half of this year, especially in the first quarter, due to factors such as the heating season and policy restrictions on production, and the overall efficiency was not fully released, It has a great impact on benefits. Rizhao base is a class a enterprise with environmental performance, which is not affected by production restriction.
Expected increase in differentiation
Insiders said that at present, China's steel industry is implementing the largest capacity renewal plan in the history of world steel development, and implementing the most stringent pollutant emission standards in the world so far. However, the decline in the benefits of the steel industry has had a certain impact on enterprises' efforts to promote ultra-low emission transformation and explore low-carbon transformation. How to achieve greater development in the green and low-carbon transformation is a test for steel enterprises.
From the semi annual report, wind data shows that in the first half of the year, 45 listed companies in the steel industry achieved a total operating income of 1.228 trillion yuan, a slight decrease from 1.233 trillion yuan in the same period of the previous year; The total net profit attributable to shareholders of listed companies was about 38.597 billion yuan, down 52.68% from 81.564 billion yuan in the same period of last year.
In the first seven months of this year, CISA focused on counting the total profits of member enterprises as 93.6 billion yuan, a year-on-year decrease of 63.4%. In July, the whole industry suffered a monthly loss. CISA focused on the loss of 9.6 billion yuan for its member enterprises. Among the 90 enterprises listed in the statistics, 63 suffered losses in that month.
It is worth noting that in August, with the continuous decline of costs and the slight rebound of steel prices, the profitability of steel mills improved compared with that of last month. The monitoring data of Lange Iron and Steel Research Center shows that in August, the average gross profit of grade III screw thread steel was 229 yuan / ton, an increase of 425 yuan / ton over the previous month, and it turned from loss to profit; The hot coil lost 65 yuan / ton, and the loss limit was 360 yuan / ton narrower than last month.
Insiders said that under the background of strict control of new production capacity and "double carbon" at the level of industrial policy, the elasticity of output growth of China's steel industry is limited. In terms of demand, steel is a green, recyclable, large supply and most cost-effective basic raw material. New infrastructure and new energy will also generate more high-end steel demand. At the same time, with the acceleration of the restructuring and integration of the steel industry, the concentration will be further improved, so as to reasonably optimize the profit distribution pattern of the upstream, middle and downstream industrial chains. In this context, the range of cyclical fluctuations in the steel industry may be weakened, and it is not expected that there will be losses in the whole industry, but the differentiation among steel enterprises in the industry may intensify.
