HK Stock Market Move | MAANSHAN IRON (00323) is now up more than 7%, the company plans to increase capital to Magang Limited. Institutions suggest paying attention to the implementation of supply and demand side policies.

MAANSHAN IRON (00323) is now up more than 7%, as of the latest release, up 7.3% to HK$1.47, with a turnover of HK$24.3928 million. In terms of news, MAANSHAN IRON announced that in order to implement the company's development strategy and business plan, further optimize business segments, the company is planning to transfer relevant assets, liabilities, personnel, business and some equity of subsidiary companies owned by the company to Maanshan Iron and Steel Limited by way of capital increase. Huatai previously pointed out that the company is currently positioned as a central enterprise in the steel industry, with China Baowu being the "core force in premium long products and important force in plate and strip products". For the past 24 years, domestic steel demand has dragged down steel prices, with declines exceeding those of raw material prices, putting pressure on industry profits. The company posted a total loss of 2.535 billion yuan in the first three quarters of 24 years. Industry profits are key factors in turning around the company's performance, and we believe that industry profits in 25-26 years are expected to improve. We are paying attention to the implementation of policies at both ends of the domestic supply and demand.