Guangdong Zhongnan Iron & Steel rose by the limit in the afternoon, and Xinjiang Ba Yi Iron & Steel, Anyang Iron & Steel, Shengtak New Materials, Baoshan Iron & Steel, Bengang Steel Plates and others followed suit. On the news front, there were media reports in mid-month that China Resource Recycling Group is preparing to establish itself, and China Baowu's waste steel resource recycling business is expected to be merged into the new central state-owned enterprise, providing tangible support for the subsequent promotion of recycling and reuse.