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Hong Kong Stock Movement | MAANSHAN IRON (00323) rises over 6% again as companies in the Steel Sector that are trading below net asset value concentrate. The controlling shareholder, Maanshan Group, has completed its Shareholding plan.
MAANSHAN IRON (00323) rose more than 6% again, as of the release, it is up 3.97%, priced at 1.31 Hong Kong dollars, with a transaction value of 9.306 million Hong Kong dollars.
The trend of steel companies becoming more "outward" is significant, with steel exports exceeding 100 million tons, setting an eight-year record high.
① Due to the continuous decline in domestic Steel consumption, companies in the Steel Industry Chain are focusing on overseas markets as a key area for development. This year, steel exports exceeded 100 million tons, reaching a new high in eight years. ② Under policy guidance, the proportion of exports of medium to high value-added products has increased, showing a trend of change in the overall structure of domestic Steel exports from long products to flat products.
The steel industry has faced downward pressure for three years; under the new cycle, calls for "production cuts" are increasing, and there is a need for "synchronous resonance" to respond to challenges and opportunities.
① The steel industry has been declining for three consecutive years, with the market experiencing a negative feedback cycle. It is expected that the apparent consumption of crude steel will be about 0.9 billion tons in 2024, and demand may continue to decline in 2025. The industry is facing various challenges and continues to move forward under pressure while actively seeking new development opportunities; ② "My Steel" predicts a 3% increase in steel for machinery in 2025, a 1.5% increase for autos, a 6.4% increase for shipbuilding, a 2.8% increase for home appliances, and a 5.5% increase for energy.
CICC's outlook on the steel industry in 2025: Expected far-reaching supply-side reforms, with the potential for accelerated capacity clearance.
In 2024, the Ministry of Industry and Information Technology has suspended the implementation of the steel capacity replacement, and in 2025, there is little chance for an increase in steel supply. Meanwhile, the optimization of existing capacity driven by policy may accelerate further, creating structural opportunities.
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