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<On Move>H-shr Steel Mills Swell after Midday Echoing A-shrs; CHONGQING IRON Rockets ~90%; ANGANG STEEL, CHINA ORIENTAL Up 10%+
Regarding the hearsay of "Tangshan Sintering Machines Axing Production by 30%", about half of the steel mills in China said they received related notifications, and many ...
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<On Move>H-shr Steel Mills Swell after Midday Echoing A-shrs; CHONGQING IRON Rockets ~90%; ANGANG STEEL, CHINA ORIENTAL Up 10%+
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Regarding the hearsay of "Tangshan Sintering Machines Axing Production by 30%", about half of the steel mills in China said they received related notifications, and many of them confirmed the matter, Chinese news broke.

SHOUGANG (000959.SZ)  +0.160 (+4.156%)   and LIU STEEL (601003.SH)  +0.470 (+10.021%)   both hit the daily limit at close today (2nd). H-share steel mills collectively surged in the afternoon, echoing their A-shares today (2nd). CHONGQING IRON (01053.HK)  0.000 (0.000%)   last posted at HKD1.7, up 88.89%, with trading volume surging to 1.237 billion shares, involving HKD2.112 billion.

Related NewsM Stanley: BAO IRON May Benefit as Tangshan Steel Firms Reportedly Asked to Cut Production
ANGANG STEEL (00347.HK)  -0.010 (-0.535%)    Short selling $13.49M; Ratio 12.660%   last stood at HKD1.86, up 12.73%, with a trading volume of 326 million shares, involving HKD677 million.

CHINA ORIENTAL (00581.HK)  -0.010 (-0.654%)   last printed at HKD1.49, up 13.74%, with a trading volume of 478 million shares, involving HKD751 million.

MAANSHAN IRON (00323.HK)  -0.030 (-1.563%)    Short selling $7.94M; Ratio 11.884%   last traded at HKD2.02, up 3.59%, with a trading volume of 233 million shares, involving HKD507 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-04 16:25.) (A Shares quote is delayed for at least 15 mins.)

Related NewsCiti Predicts More Anti-Involution Policies from Central Govt, Lowers Preference for Steel Industry

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