成材：缺乏驱动震荡调整

1. Report Industry Investment Rating - Not provided in the content. 2. Core View of the Report - The report suggests treating the situation with a strategy of trying short positions on rebounds [4]. 3. Summary According to Related Contents Industry News - The China Iron and Steel Association issued an article on the 9th, calling on the steel and automobile industries to work together to break through "involution" and promote the healthy and sustainable development of the industrial chain through technological innovation [3]. - From June 2nd to June 8th, the total transaction (signing) area of newly - built commercial housing in 10 key cities was 1.2967 million square meters, a month - on - month decrease of 26.9% and a year - on - year decrease of 17.5%; the total transaction (signing) area of second - hand housing was 1.8519 million square meters, a month - on - month decrease of 11.8% and a year - on - year decrease of 9.5% [3]. - In May, the China Construction Machinery Industry Association reported that 18,202 excavators of various types were sold, a year - on - year increase of 2.12%. Among them, domestic sales were 8,392 units, a year - on - year decrease of 1.48%, and exports were 9,810 units, a year - on - year increase of 5.42% [3]. Market Performance and Strategy - The finished products continued to consolidate yesterday with little overall fluctuation, showing narrow - range fluctuations with small K - lines in the past three trading days [3]. - Currently in the off - season of demand, there is little chance of effective improvement in downstream demand in the short term, and there is still room for further decline. Based on the current situation, it is recommended to try short positions on rebounds [3].