黑色板块：超跌后或迎反弹，光伏反内卷有动作

Group 1 - The core viewpoint of the article indicates that the black sector has experienced a significant decline and is expected to see a rebound in the near future due to the "anti-involution" trading logic, which unfolds in three phases [1] - Currently, the market is in the second phase, where the initial high expectations have led to a price correction as there are no concrete measures to support supply-side contraction [1] - A recent meeting held by the Ministry of Industry and Information Technology and other departments focused on the photovoltaic industry, discussing details related to the "anti-involution" measures, which may revitalize certain commodities like coking coal [1] Group 2 - The steel export resilience continues, and steel mills maintain profitability, indicating limited changes in the steel industry's fundamentals [1] - The expectation of a Federal Reserve interest rate cut in September adds to the potential for a rebound in the black sector, with key insights expected from the Jackson Hole global central bank meeting scheduled for August 21-23 [1] - Overall, the black sector is considered undervalued and is anticipated to undergo a correction after the recent downturn [1]