Iron And Steel Industry: The Net Export Of Iron And Steel In June Decreased Slightly.
We are worried about the demand for iron and steel industry in the second half of the year. We will closely observe the impact of tight monetary policy on domestic steel demand in the second half of this year and the extent of the impact of high steel prices on the demand squeeze.
We maintain the investment rating of the "synchronous big -A" in the steel industry. We can pay more attention to event oriented investment opportunities, such as the company's project production, assets injection, and convertible bonds and other opportunities, such as the three steel and Fujian light.
For the judgment of the steel industry in the second half of the year, we remain in the view of "investment promotion strategy for the medium and medium term of -2008 export increase and upstream subsidies".
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