Hong Kong stocks surge | Steel stocks quickly rise in the closing session, market focuses on the industry's capacity consolidation process, institutions say leading steel companies are expected to see recovery.

Wisdom Finance APP learned that steel stocks surged in the final trading session. As of the time of writing, Maanshan Iron and Steel Co. (00323) rose by 9.63% to 2.05 Hong Kong dollars; China Iron & Titanium (00893) rose by 6.25% to 0.068 Hong Kong dollars; Ansteel Group (00347) rose by 1.94% to 1.58 Hong Kong dollars; Chongqing Iron & Steel Co. (01053) rose by 1.14% to 0.89 Hong Kong dollars.