December 17 news, the iron and steel plate continued to rise, as of press release, Shandong iron and steel rose more than 7%, Jinzhou pipeline, Ordos, Wujin rust rose.

On the news side, CICC Research News said that steel demand is expected to improve, plate profits are expected to pick up steadily. In November, the national crude steel output was 69.31 million tons,-22% year-on-year and-3.2% month-on-month. Steel supply shrank further, and we expect crude steel production to decline by 3-4% year-on-year for the whole year. The marginal demand for steel improved in November, with the apparent consumption of the five major varieties of steel from + 1.7 to 37.5 million tons (VS-9.3% in October), while steel inventories accelerated. With the sharp decline in coke prices in November, the profits of steel companies have rebounded steadily. The average gross profit of 4Q real-time thread and hot rolled per ton steel is 835529RMB (VS 3Q 460max 540RMB).At present, the signal of "steady growth" is clear, and it is expected to be gradually transmitted to the downstream demand of iron and steel. We believe that the current market pessimism about downstream demand has basically fully reflected, and the plate is expected to usher in an inflection point.Focus on recommending strong profitability + stable dividend plate leader Baosteel shares, it is recommended to pay attention to Angang shares, Maanshan Iron and Steel shares.