Industry Overview - The Hong Kong steel stocks continue to rise, with notable increases such as 8.5% for Zhaogang Group, nearly 5% for Maanshan Iron & Steel, and 3.8% for China Oriental Group [1][1][1] - The report from Guotai Junan indicates that demand is expected to gradually bottom out, and the steel industry has been experiencing prolonged losses, leading to market-driven supply adjustments [1][1][1] - If supply policies are implemented, the contraction of supply will accelerate, facilitating a quicker recovery for the industry [1][1][1] Market Sentiment - The upcoming implementation of new national standards for rebar in September has created panic regarding the inventory and sales of the old standard rebar [1][1][1] - The China Iron and Steel Association has issued six initiatives to stabilize market sentiment among industry stakeholders [1][1][1] - Due to previous declines having largely absorbed negative sentiment, steel companies are reducing production amid losses, leading to structural shortages of the old standard rebar, with expectations that market prices will reach a bottom [1][1][1] Stock Performance - Zhaogang Group (06676) latest price: 4.210, up 8.51% - Maanshan Iron & Steel (00323) latest price: 2.650, up 4.74% - China Oriental Group (00581) latest price: 1.910, up 3.80% - Ansteel (00347) latest price: 2.370, up 2.16% - Other notable stocks include Huajin International Holdings (02738) up 1.49%, Tiangong International (00826) up 1.00%, and China Hanking Holdings (03788) up 0.80% [1][1][1]
港股异动丨钢铁股继续上涨 找钢集团涨8.5% 马鞍山钢铁涨近5%