<p>CITIC Securities research report points out that China's steel industry has strong global competitiveness but weak profitability, and is expected to become a key industry in this round of &#34;anti-involution.&#34; Recently, the Ministry of Industry and Information Technology issued a work plan for steady growth in the steel industry, reiterating the &#34;continued implementation of production reduction policies.&#34; It is expected that production restrictions in the steel industry may accelerate and intensify in September. As the implementation of production restrictions deepens, the industry is about to enter a performance cycle centered on profits</p>

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<p>CITIC Securities research report points out that China's steel industry has strong global competitiveness but weak profitability, and is expected to become a key industry targeted by the current "anti-involution" movement. Recently, the Ministry of Industry and Information Technology issued a work plan for steady growth in the steel industry, reiterating the "continued implementation of production reduction policies." It is expected that production restrictions in the steel industry may accelerate and strengthen in September. As the implementation of production restrictions deepens, the industry is about to enter a performance cycle centered on profits</p>

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