Sinotrust Securities: First Giving Shougang Group a "Buy" Rating, Bottom Consolidated, Ready to Break Out.

Sinolink Securities recently pointed out in a research report that Shougang Group's bottom is solid and it is ready to gather momentum. As a leading enterprise of plate materials in the North China region, the company has leading production capacity, excellent product structure, advanced equipment level, and significant achievements in green transformation. The company has a forward-looking layout for high-end products and low-carbon transformation, with outstanding core competitiveness, and its advantages are expected to continue to be released. The company has two major production bases with a crude steel production capacity of 21.7 million tons, continuously increasing the proportion of strategic products and nine key products. It is believed that Shougang Group is expected to fully benefit from the supply-side adjustments under the background of "anti-integration", and with the accelerated recovery of the steel sector, the advanced product advantages and green capacity advantages established at the bottom of the industry cycle by Shougang Group are expected to be fully demonstrated, with significant potential for upward performance elasticity. Optimistic about the company's current operating performance improvement and future development potential, it currently has good investment potential. Initiate coverage with a "buy" rating for the company.