Steel stocks surged, with Maanshan Iron & Steel rising nearly 13% and ANSTEEL increasing over 4%

Hong Kong stock steel stocks have risen significantly, with Maanshan Iron & Steel leading the way with a nearly 13% increase, Da Ming International rising nearly 9%, Ansteel and China Oriental Group both up over 4%, with Iron Ore rising nearly 3% and Chongqing Iron & Steel up 2%. In terms of news, a research report from Xinda Securities pointed out that although the steel industry is currently facing prominent supply-demand contradictions and other challenges, leading to an overall decline in industry profits, the total demand for steel is expected to remain stable or even slightly increase due to a series of "stabilizing growth" policies being implemented. This is supported by the stabilization of the real estate market, steady growth in infrastructure investment, continuous development of the manufacturing industry, and high levels of steel exports. Conversely, under the expectation of supply control policies, the total supply of steel is tightening and the industry concentration is continuing to strengthen, which is expected to maintain a stable overall supply-demand situation in the steel industry. Overall, the firm believes that the industrial pattern of the steel industry is expected to improve steadily in the future, coupled with the fact that some companies are already in the undervalued region, there are still structural investment opportunities at this stage, especially for high-margin special steel companies and leading steel enterprises with strong cost control and scale effects, which have opportunities for valuation recovery in the future, maintaining an "optimistic" rating for the industry