节点：下游（终端消费/应用）位置：下游情绪：中性参考度：2/10
根据1月PMI数据，中国钢铁行业仍处于关键状态，显示供需结构性分化。尽管钢铁行业相关指标显示生产与需求均具韧性，但春节导致短期供需错配，预计2月市场将温和上行并伴随一定波动。
2026年1月，钢铁PMI回升至49.90%，表明行业活动下行趋势放缓。尽管产量缩减，但库...
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