钢铁ETF（515210）午后涨超1.6%，供给侧优化或推动利润修复

Group 1 - The 14th China International Steel Conference will be held on August 5, 2025, where the China Iron and Steel Association and Shanghai Baoshan will initiate a strategic cooperation and launch a new generation of low-carbon steel products [1] - The steel industry has undergone two rounds of supply-side optimization from 2016 to 2020 and in 2021, accumulating valuable experience that lays the foundation for the current anti-involution policies [1] - If the anti-involution policies lead to a reduction in crude steel production, it will further improve industry profits, with the current anti-involution trend expected to go through two phases: policy expectation trading and fundamental improvement [1] Group 2 - The supply-side policies have a significant effect on improving profit per ton of steel, and in the context of gradually declining demand, energy conservation and emission reduction may become the core tool for controlling production [1] - The Steel ETF (515210) tracks the CSI Steel Index (930606), which selects relevant listed company securities in the steel industry from the Shanghai and Shenzhen markets to reflect the overall performance of steel industry listed companies [1] - Investors without stock accounts can consider the Guotai CSI Steel ETF Connect C (008190) and Guotai CSI Steel ETF Connect A (008189) [1]