Deutsche Bank 7 月 18日长篇，33页。
　　We see plenty of evidence indicating that the new norm of the steel industry formulated due to Chinese Supply Side Reform（SSR）.Our recent trip to China increased our convictions，as we believe the government＇s will to carry on this political agenda is still strong.We believe that sustaining profitability of steel mills will rid investors’of their skepticism in the end，and we re-rate the sector further based on its strong fundamentals.Thus，we upgrade our TPs on steel stocks and reiterate our Buy recommendations.