CITIC Securities: It is expected that the production restrictions in the steel industry in September will accelerate and intensify.

The research report from CITIC Securities pointed out that China's steel industry has strong global competitiveness but weak profitability, and is expected to become a key industry targeted in the current "anti-internal competition" campaign. Recently, the Ministry of Industry and Information Technology issued a work plan for stabilizing growth in the steel industry, once again emphasizing the "continuation of implementation of production reduction policies." It is expected that in September, restrictions on production in the steel industry will accelerate and intensify. With the deepening of production restrictions, the industry will soon enter a performance cycle with profitability as the core focus.