Group 1 - The core viewpoint is that the steel industry is expected to enter a turning point year, with a positive outlook for long-term investment opportunities in leading companies [4][7]. - The analysis emphasizes the importance of identifying sector opportunities from a macroeconomic and industry cycle perspective, while also focusing on individual company growth and turnaround potential from an operational and strategic standpoint [4][7]. Group 2 - The report titled "Embracing a Turning Point Year" was published on December 8, 2024, by analyst Li Pengfei [7]. - The report highlights potential risks, including supply-side contraction not meeting expectations and significant demand decline [7].