钢铁ETF（515210）涨超1%，连续5日净流入超6亿元，稳增长与需求改善预期支撑行业修复

Core Viewpoint - The steel industry is experiencing a dual easing of raw material supply on the cost side, which, when combined with disciplined steelmaking practices, may create arbitrage opportunities between long-process and short-process production methods. The focus of demand has shifted from domestic real estate to export manufacturing, with various administrative measures for supply-side adjustments. By 2026, the probability of supply-side policies being implemented is expected to increase, leading to a potential recovery in steel industry profitability [1]. Group 1 - The steel industry is benefiting from a dual easing of raw material supply, which may lead to arbitrage opportunities [1] - Demand focus has shifted from domestic real estate to export manufacturing [1] - The probability of supply-side policy implementation is expected to increase by 2026, potentially improving profitability in the steel industry [1] Group 2 - The Steel ETF (515210) tracks the CSI Steel Index (930606), which reflects the overall performance of publicly listed companies in the steel sector [1] - The CSI Steel Index exhibits significant cyclical characteristics, covering various subfields such as ordinary steel and special steel [1]