Citic Securities: Steel Industry De-Commoditization Strengthens, Valuation Recovery Upside Visible

GateNews
According to Citic Securities, supply-side policy constraints are systematically strengthening the steel industry's de-commoditization trend, with valuation recovery potential expected to gradually unlock. The firm recommends two configuration strategies: premium specialty steel and stainless steel pipes, benefiting from increased scarcity of high-end capacity; and potential industry consolidation by sector leaders, capturing M&A catalysts before the April 2028 window.
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