Core Viewpoint - Hong Kong steel stocks experienced a general rise, with notable increases in Tian Gong International and other companies, reflecting a positive sentiment in the market despite a decline in steel exports in October [1] Group 1: Market Performance - Tian Gong International saw a rise of over 5%, while Ansteel and Maanshan Iron & Steel increased by 3%, and Chongqing Steel and other companies rose by over 2.3% [2] - The overall performance of steel stocks indicates a recovery trend in the sector, driven by various market factors [1] Group 2: Export Data - In October, China exported 9.782 million tons of steel, a decrease of 683,000 tons from September, representing a month-on-month decline of 6.5% and a year-on-year decline of 12.5% [1] - Cumulative steel exports from January to October reached 97.737 million tons, showing a year-on-year increase of 6.6% [1] Group 3: Market Outlook - The global manufacturing PMI is stabilizing, and China's steel export order index has returned to the expansion zone, indicating improved competitiveness in steel export prices [1] - Despite the weak external demand and trade friction, the potential for steel consumption in countries along the "Belt and Road" initiative is expected to benefit exports next year, potentially alleviating domestic demand pressures [1] - Signs of easing trade friction may further enhance indirect exports in the coming year [1]
港股异动丨钢铁股普涨 天工国际涨超5% 鞍钢、马钢涨3% 钢材出口价格竞争力持续增强