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[Brokerage Focus] CITIC SEC expects 2025 to be a turning point year for China's Steel Industry, maintaining the industry's "outperforming the market" rating.
Jinwu Financial News | CITIC SEC predicts that 2025 will be a turning point year for China's Steel Industry. The first quarter of 2025 is expected to become a long-term performance inflection point for the Steel Industry. The bank indicated that supply-side reform is an important policy guarantee after the Steel Industry enters a stage of reduction. The Steel Industry is a typical overcapacity industry, and due to the large scale of steel production in China, further integration has become increasingly difficult after the consolidation period following 2015. "Promoting integration and restructuring, and pushing for the exit of backward and inefficient capacity" is an urgent priority for the Steel Industry. Achieving such results demands that supply-side reform is imperative. The Steel Industry is expected to enter...
China Galaxy Securities: Medium to long-term conflicts in Steel supply and demand are intensifying, accelerating the supply-side reform in the Steel Industry.
Short-term imported iron ore may run weakly, potentially leading to a reduction in raw material costs, which is Bullish for domestic Steel companies. In the medium to long term, mainstream mines may also adjust their supply strategy under the changing landscape, increasing uncertainty in iron ore prices.
Latest assessment from Citigroup on the Steel Industry: Under the "pressure test" of tariffs, why have these two steel companies become the "first choice"?
Citi released the latest assessment report on the Steel Industry.
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