According to
the research report of CITIC Securities, with the recovery of the demand side
and the production restrictions on steel enterprises, the supply and demand
pattern of the steel industry is expected to continue to improve. At the same
time, the supply and demand structure of iron ore at the raw material side is
weakened by the reduction of production by steel mills. This will allow the
profitability of the steel industry to begin to recover in the third quarter.
Source: SMM Information & Technology Co, Ltd.