Group 1 - Steel stocks experienced significant declines, with Maanshan Iron & Steel Co. down 5.41% to HKD 2.45, Angang Steel Co. down 5.48% to HKD 2.07, and Chongqing Iron & Steel Co. down 5.04% to HKD 1.32 [1] - The Ministry of Industry and Information Technology and other departments issued the "Steel Industry Stabilization and Growth Work Plan (2025-2026)", setting an average annual growth target of around 4% for the industry's added value over the next two years [1] - The plan emphasizes "stabilizing growth and preventing internal competition", providing a clear implementation path for structural adjustments and high-quality development in the Chinese steel industry [1] Group 2 - CITIC Futures noted that the introduction of the "Steel Industry Stabilization and Growth Work Plan (2025-2026)" aligns with current industry growth rates and market expectations, leading to a cooling of "anti-internal competition" sentiment and a slight price correction in the sector [1] - Galaxy Securities believes that under the ongoing supply-side anti-internal competition, steel industry capacity will continue to concentrate on high-quality leading companies [1]
港股异动 | 钢铁股午后跌幅扩大 钢铁稳增长方案出炉 机构称与现行行业增速以及市场预期⼀致