钢铁ETF（515210）近10日资金净流入超11亿元，机构称行业供需格局有望改善

Group 1 - The steel ETF (515210) has seen a net inflow of over 1.1 billion yuan in the past 10 days, indicating an improving supply-demand balance in the industry [1] - As of January 9, the capacity utilization rate for blast furnaces among sample steel companies reached 86.0%, while electric furnace utilization was at 56.9% [1] - The production of the five major steel products increased by 0.85% week-on-week, with daily molten iron output rising by 43,000 tons year-on-year, reflecting a continuous recovery in supply [1] Group 2 - On the raw materials front, the price of Australian powder ore at Rizhao Port rose by 1.48% week-on-week to 823 yuan per ton, while prices for coking coal and metallurgical coke remained stable [1] - However, the usable days of raw material inventory for steel companies have decreased year-on-year, indicating ongoing cost support [1] - Demand for the five major steel products decreased by 5.26% week-on-week, with construction steel sales down 2.47% month-on-month, reflecting seasonal weakness [1] Group 3 - The comprehensive index for ordinary steel rose by 0.39% week-on-week, and the profit per ton of rebar increased by 31% to 63 yuan per ton [1] - Both social and factory inventories have increased by over 10% year-on-year, with expectations for a smaller winter storage volume due to cautious demand forecasts from traders [1] - Under the "stabilizing growth" policy, demand for steel in real estate and infrastructure may see marginal improvement, coupled with the industry's "anti-involution" backdrop, suggesting significant profit improvement potential for ordinary steel companies [1]