节点：中游（冶炼、中间品）位置：中游情绪：利空参考度：8/10
2025年不锈钢市场延续低迷态势，拖累中国Taiwan地区烨联钢铁（Yieh United Steel Corp.，简称Yusco）合并营收表现。该公司去年合并营收约382.7亿新台币，同比下滑17.7%；同期税后净亏损约62.2亿新台币，每股亏损2.36元。
不过，今年初以来不ɔ..镍矿供应收缩影响，镍价持续上行，烨联钢铁已连续四个月上调产品报价。今年1月，公司合并营收约26.3亿新台币，同比下降15.6%；但基于当前市场供需格局及价格走势，公司预计全年经营业绩将实现反弹。
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