钢铁ETF（515210）涨超3.1%，政策优化与供需改善或推动估值修复

Group 1 - The Ministry of Industry and Information Technology revised the "Steel Industry Normative Conditions (2025 Edition)" on February 8, 2025, implementing a two-tier evaluation for steel enterprises, which is expected to help the steel sector's profitability recover to historical average levels [1] - In early June, key enterprises reported a daily average crude steel output of 2.159 million tons, a month-on-month increase of 3.25%, while the national blast furnace capacity utilization rate slightly rose to 90.83%, an increase of 0.04 percentage points [1] - The weekly output of rebar increased by 2.67% to 2.1784 million tons, and the price difference between hot-rolled and rebar steel is at a low level of 150 yuan/ton [1] Group 2 - The PB ratio of the general steel sector relative to the Shanghai and Shenzhen stock markets is at 32.03%, with the current ratio at 0.50, indicating room for recovery compared to the peak of 0.82 in August 2017 [1] - The Steel ETF tracks the CSI Steel Index, which is compiled by the China Securities Index Co., Ltd., covering listed companies involved in steel production, processing, and sales, effectively reflecting the overall performance of the steel industry [1] - The index constituents have strong industry representation and integrity of the industrial chain, providing investors with important tools to seize investment opportunities in the steel sector [1]