Guotai CSI Iron & Steel ETF (515210) surged over 1%, with the pricing of the steel industry mainly driven by domestic demand
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On April 13th, the Guotai CSI Iron & Steel ETF (515210) surged over 1%. Huachuang Securities pointed out that the steel sector has low stock prices and low valuation attributes, with a high margin of safety. Pricing is mainly driven by domestic demand and is less affected by geopolitical risks. Currently, supply and demand are stable, and the industry is expected to see a recovery in prosperity. Supply has slightly increased, demand has declined, and steel prices are fluctuating and weakening. Attention should be paid to the pace of steel inventory destocking. Risk warning: Individual stock analysis does not constitute investment advice, and the risk-return characteristics of funds vary. Investors should exercise caution
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