HK Stock Market Move | Steel stocks have surged today, with new regulations for the steel industry expected to be introduced soon, which will likely drive a new round of supply-side reform.

Steel stocks surged today, as of press time, CHINA ORIENTAL (00581) rose 37.76% to HK$1.35; CHONGQING IRON (01053) rose 11.9% to HK$0.94; IRC (01029) rose 11.63% to HK$0.096; Angang Steel (00347) rose 10.67% to HK$1.66; MAANSHAN IRON (00323) rose 8.93% to HK$1.83. On the news front, EB SECURITIES pointed out that on February 8th, the Ministry of Industry and Information Technology revised the "Steel Industry Standard Conditions (2015 revision)" to form the "Steel Industry Standard Conditions (2025 version)", which evaluates steel enterprises in two levels, "standard enterprise" and "leading enterprise". It is suggested to pay close attention to industry supply-side policies and their impact. China Securities Co., Ltd. stated that this document is a guiding document, and we expect more specific supporting policies to be introduced in the future. Galaxy Securities pointed out that macro policies are continuing to show results, which is conducive to increasing the concentration of the steel industry and improving the long-standing imbalance in supply and demand. Mainstream steel companies are expected to benefit. At the same time, with the transformation and upgrading of manufacturing industries, the demand for high-end special steels is expected to see rapid growth. DeepSeek's rise further promotes the evolution from IDC to AIDC, amplifying the advantages of steel companies. Suggestions for attention include: actively empowering AI, large models accelerating fine landing or showing initial effects in multiple links and scenarios in steel production and supply chain, and target companies that have related expansion operations or involve telecommunications business, orderly expanding IDC, etc.