According to a research report by Industrial Securities, among the key industries involved in the anti-involution movement, the current corporate profitability and capital expenditure in the sectors of ordinary steel, glass fiber, titanium dioxide, and new energy chains are at historical lows, with a strong willingness to participate in the anti-involution. Positive changes in the industry are expected in the short term. Among them, the state-owned enterprises in the steel sector have a relatively high proportion, and the resistance to capacity reduction is small. If further policies are issued, it may be one of the industries where the anti-involution is implemented more smoothly