Group 1 - Steel stocks experienced a rapid increase, with Maanshan Iron & Steel Co., Ltd. rising by 7.84% to HKD 2.89, Angang Steel Company Limited increasing by 3.17% to HKD 2.28, and Chongqing Iron & Steel Company Limited up by 2.13% to HKD 1.44 [1] - The launch ceremony for the Simandou project took place at the port of Maribaya in Guinea, which is noted to be the largest iron ore reserve globally and has the potential to become the fifth-largest mine [1] - Dongfang Securities indicated that the production of the Simandou project could significantly disrupt the monopoly of the four major mines on iron ore supply, leading to a substantial change in the iron ore supply landscape [1] Group 2 - Guotai Junan Securities released a report suggesting that steel demand is expected to gradually bottom out; despite prolonged industry losses, market-driven supply adjustments are beginning to emerge [1] - The report anticipates a gradual recovery in the fundamentals of the steel industry, with a faster contraction of supply expected if supply policies are implemented [1] - The progress of the industry's upward movement is likely to accelerate with the implementation of supply policies [1]
港股异动 | 钢铁股午前快速拉升 西芒杜铁矿项目正式投产 铁矿供给格局或迎巨变