Sou Hu Cai Jing·2025-04-28 03:03Group 1 - The steel sector showed resilience on April 28, 2025, with companies like Sansteel Minguang, Shougang Corporation, Baosteel, New Steel, and Taiyuan Iron & Steel rising over 5% [1] - Steel LOF products (A: 502023, C: 012810, I: 024184) increased by over 2%, reflecting the overall performance of the black metal industry [1] - As of April 25, steel prices have risen, with 20mm HRB400 rebar priced at 3200 CNY/ton, up 70 CNY/ton from the previous week [1] Group 2 - Minsheng Securities reported that Trump acknowledged the high 145% tariffs on China, indicating that tariffs will significantly decrease post-agreement but will not reach zero [2] - The Central Political Bureau of the Communist Party of China emphasized the need for preparedness against external shocks and may introduce policies to counteract the impact of external tariffs [2] - Long-term expectations suggest that crude steel production will be regulated, and the supply of iron ore and coking coal is expected to become more relaxed, potentially restoring profitability for steel companies [2]