成本宽松趋势利好，全市场唯一钢铁ETF（515210）涨超0.5%，近10日净流入超2亿元

Core Viewpoint - The trend of cost easing suggests significant room for iron ore price declines, with expectations that prices will gradually fall to a support level of $90 per ton next year [1] Group 1: Iron Ore Market - The steel sector's trading focus is shifting towards "iron ore concessions + steel production cuts" [1] - Major steel companies are currently undervalued, with potential for future performance improvement [1] - New regulatory conditions may be introduced in the steel industry, promoting the exit of outdated production capacity and stabilizing steel prices [1] Group 2: Steel ETF and Index - The Steel ETF (515210) tracks the CSI Steel Index (930606), which includes listed companies involved in ordinary steel and special steel businesses [1] - The index reflects the overall performance of publicly traded companies in the steel industry, characterized by strong cyclicality [1] - The industry allocation is primarily focused on raw materials, highlighting the close relationship between the steel sector and market dynamics as well as economic cycles [1]