In the later stage, there may be differentiation, and steel stocks will meet the curse of 20% callback again

In the later period, there may be differentiation. Steel stocks will encounter the% callback curse. Every time reporter Zhang Qi arrives in the peak demand season in the second quarter, the steel sector will also explode. Yesterday, the steel sector once soared by more than% to Hebei Iron and Steel (, closing price. yuan) The steel stocks led by the daily limit for two consecutive trading days. Guojin Securities analyst Wang Zhaohua believes that the profitability of the steel industry will reappear, and the steel sector that was once defined by the market as 'mummy (no water and elasticity)' will be resurrected. However, the market has divergent views on the rise of steel stocks. One side believes that steel stocks are ushering in a reversal; the other side believes that it is just part of the short-term speculation of low-priced and under-valued steel stocks. The market has diverged on the sharp rise of steel stocks. For nearly a month, the steel sector has suddenly exerted force this week after a moderate rise. Hebei Steel's performance was particularly eye-catching. This week's strong daily limit, after stimulating Nangang, Shaogang Songshan and other stocks to rise sharply, yesterday's daily limit again, stimulated the market's pursuit of steel stocks. Yangtze River Securities industry analyst Liu Yuanrui believes that with the arrival of the peak demand season, steel prices have continued to rise recently, and social inventories have also been steadily declining. Ping An Securities industry analyst Wu Peiwen told reporters that recently there have been two unexpected factors in the steel industry: ** is steel exports. Monthly steel exports have soared to 10,000 tons, an increase of% year-on-year; ** are the first two months of this year The completion of fixed asset investment increased by% year-on-year, which exceeded the previous assumption of% by Wu Peiwen for the whole year. Wang Zhaohua, an analyst at Guojin Securities, believes that the capacity utilization rate of China's steel industry is increasing every year and the global iron ore capacity utilization rate is decreasing. In this context, the profitability of the steel industry will reappear, that is, the steel sector that was once defined as a 'mummy' by the market will be resurrected. But people in the industry also have different views on this. A Shenzhen private equity individual revealed to a reporter from 'Daily Economic News (Weibo)' that after the broad market rebounded sharply since the beginning of the month, steel stocks whose stock prices were generally between RMB ~ yuan per share were left out. At present, after some shortfall funds enter the market, the target selection is also very clear, that is, low valuation, low price and marginal sector stocks. The surge of steel stocks and power stocks may be in line with the selection of these shortfall funds. The tendency is related. After the steel sector rebounded sharply yesterday, some industry analysts provided reporters with a set of interesting data. That is, since the year and month, the three strong rebounds in the steel sector have all occurred after reaching a% increase. By differentiation. During the period from year, month, day to year, the steel sector index rebounded from the lowest point to the highest point, with a rebound rate of nearly %, and then the sector rebounded; on the year and month, after the steel sector bottomed out and rebounded, it took weeks The time rose from point to point, during which the sector's growth rate was also around %. After that, the sector experienced a nearly two-month adjustment; on year, month and day, the steel sector rebounded sharply following the broader market, and the one-month increase was also exactly %, and then there was an adjustment. . Now that the steel sector has risen by just over 5% since the beginning of the month, the trend of the steel sector may have to make a choice. An industry analyst who did not want to be named told reporters that the surge in steel stocks this month may be qualitatively a supplementary increase. In fact, since the beginning of this year, steel companies in some regions such as Xinxing Casting Pipe (, closing price. Yuan), Bayi Iron and Steel (, closing price. Yuan), Xining Special Steel (, closing price. Yuan) and other stocks have all increased by close to% , And other low-priced steel stocks due to lack of flexibility in performance, the stock price has been hovering at a low level, but after the market’s recent peak, low-priced steel stocks also immediately made up for the rise. Judging from the data of the steel stocks' daily limit yesterday, Hebei Steel's daily limit is dominated by hot money. The above-mentioned analysts believe that after successive surges in the steel sector, the performance of individual stocks will diverge, and there is still room for some high-end steel stocks. Investors can especially focus on medium and heavy plate stocks such as Valin Steel (, closing price. Yuan), Xingang (, closing price. Yuan) and Nanjing Iron and Steel Co., Ltd.; Jiugang Hongxing (, closing price) with regional advantages Yuan), Xining Special Steel (, closing price. Yuan), Bayi Iron and Steel (, closing price. Yuan) and other stocks