“反内卷”持续演绎，钢铁板块午后翻红，资金积极布局，钢铁ETF（515210）连续3日资金净流入

Group 1 - The Central Financial Committee held its sixth meeting on July 1, emphasizing the need to advance the construction of a unified national market, focusing on key challenges, regulating low-price disorderly competition among enterprises, guiding companies to enhance product quality, and promoting the orderly exit of backward production capacity [1] - The steel industry, as a significant midstream processing sector, is heavily influenced by downstream demand from real estate, leading to prominent supply-demand contradictions, continuous decline in steel prices, and intense low-price competition [1] - Since 2022, the industry's downturn has resulted in an increasing number of steel companies facing losses, with profit shrinkage and losses significantly reducing their capacity to upgrade products [1] Group 2 - With ongoing efforts to combat "involution," the supply-demand landscape for steel is expected to improve, and positive sentiment may drive a recovery in valuations [2] - The only ETF tracking the steel industry (515210) follows the CSI Steel Index, selecting listed companies involved in steel manufacturing, processing, and related services to reflect the overall performance of the steel sector [2] - The constituent stocks cover both upstream and downstream enterprises in the steel industry chain, demonstrating significant industry concentration characteristics [2]