HK Stock Market Move | MAANSHAN IRON(00323) rose more than 7% in trading; Citigroup is optimistic about short-term adjustments to steel supply due to supply-side reforms.

MAANSHAN IRON (00323) rose more than 7% in midday trading, rising 5.1% to HK$1.65 as of the time of the report, with a trading volume of HK$155.617 million. On the news front, Citigroup recently issued a report on China's resource industry, stating that the announced US tariffs will have little impact on the steel-related sub-sectors. It is expected that Chinese exports will generally face downward pressure and affect Chinese commodities, leading the government to implement more stimulus policies to boost domestic demand and ensure supply-side discipline, thereby balancing supply and demand dynamics. The bank is optimistic that the central government will introduce more supply-side reforms to adjust steel supply in the short term, and is positive on individual stocks such as MAANSHAN IRON within the industry. According to Shanghai Securities News, several listed companies in the steel industry responded to the impact of the US "equal tariff" policy, stating that China's steel exports to the US are relatively small, so the tariffs will have almost no impact on Chinese steel exports to the US. With global demand support, total steel exports for the year are expected to remain stable, and the trade landscape is expected to be reshaped without changing the fundamentals.