Core Viewpoint - The steel sector is experiencing significant stock price increases, indicating a potential recovery in the industry as demand stabilizes and supply-side adjustments begin to take effect [1] Group 1: Stock Performance - China Oriental Group (00581) increased by 6.67%, reaching HKD 1.44 - Maanshan Iron & Steel Company (00323) rose by 6.92%, reaching HKD 2.78 - Ansteel Company (00347) saw a 5.96% increase, reaching HKD 2.31 - Chongqing Iron & Steel Company (01053) grew by 2.88%, reaching HKD 1.43 [1] Group 2: Demand and Supply Dynamics - The negative impact of real estate on steel demand has significantly weakened, with expectations for demand to gradually bottom out [1] - The steel industry has been experiencing prolonged losses, leading to market-driven supply adjustments, which are anticipated to improve the industry's fundamentals [1] - If supply policies are implemented, the contraction of supply may accelerate, facilitating a quicker recovery in the industry [1] Group 3: Industry Management and Outlook - Under the backdrop of reducing competition, enhanced capacity management in the steel industry is expected through safety production inspections and curbing excessive competition and surplus capacity [1] - Companies with lower export ratios, particularly ordinary steel producers, are less affected by overseas tariffs, and demand from real estate and infrastructure sectors is expected to marginally improve under the government's "stabilizing growth" policies [1] - Current profits per ton of ordinary steel are substantial, and under the "anti-involution" context, there is significant potential for performance improvement among ordinary steel companies, indicating a favorable investment opportunity in the steel sector [1]
港股异动 | 钢铁股涨幅居前 机构称供给端市场化出清已开始出现 若政策落地供给收缩将加速