00347 ANGANG STEEL
- 1.510
- +0.010+0.67%
ANGANG STEEL News
China Life Assets Company invested 10.5 billion yuan in a subsidiary of Ansteel Group.
China Life Insurance Asset Company announced that recently, as a trustee, China Life Insurance Asset Company utilized funds entrusted by China Life Insurance Company and three other Institutions to participate in the "Angang Group Capital Increase and Strategic Investment Project," with a total scale of approximately 10.5 billion RMB. The funds from this project are mainly directed towards Angang Group's core subsidiaries, Benxi Steel and Pangang Mining. As of the end of the third quarter of 2024, the group's Insurance funds have a direct service scale of nearly 4.9 trillion RMB in stock investments to support the real economy. (wl/k)~
Hong Kong stocks movement | Some Steel stocks rise, the Steel Sector has a high proportion of undervalued stocks, and under Market Cap management, the valuation level is expected to recover.
Steel stocks rose. As of the time of writing, CHONGQING IRON (01053) is up 4.21%, priced at 0.99 Hong Kong dollars; MAANSHAN IRON (00323) is up 2.92%, priced at 1.41 Hong Kong dollars; Angang Steel (00347) is up 2.65%, priced at 1.55 Hong Kong dollars.
Express News | Since December, overseas Institutions have conducted research on 28 listed companies, focusing on three major Industries.
The trend of steel enterprises becoming more "outward" is evident, with steel material exports exceeding 100 million tons, reaching a new eight-year high.
① Due to the continuous decline in domestic Steel Consumer volume, Steel Industry Chain enterprises have increasingly focused on overseas markets for development. This year, steel export volume exceeded 100 million tons, a new high in eight years. ② Under policy guidance, the export proportion of medium to high value-added products has increased, and the overall structure of domestic Steel exports has shifted from long products to flat products.
The steel industry has faced downward pressure for three years; under the new cycle, calls for "production cuts" are increasing, and there is a need for "synchronous resonance" to respond to challenges and opportunities.
① The steel industry has been declining for three consecutive years, with the market experiencing a negative feedback cycle. It is expected that the apparent consumption of crude steel will be about 0.9 billion tons in 2024, and demand may continue to decline in 2025. The industry is facing various challenges and continues to move forward under pressure while actively seeking new development opportunities; ② "My Steel" predicts a 3% increase in steel for machinery in 2025, a 1.5% increase for autos, a 6.4% increase for shipbuilding, a 2.8% increase for home appliances, and a 5.5% increase for energy.
Angang Steel (00347): The signing registered accountant has been changed from Gu Xin to Han Bing.
Angang Steel (00347) announced that Lixin will be the company's financial audit firm for 2024, originally appointing Gu Xin, ...
Express News | Liaoning Province and Angang Steel Group signed a memorandum of understanding on stable development
In November, china csi commodity equity index fell monthly to 112.4.
The China Logistics and Purchasing Federation announced that the csi commodity equity index for November was 112.4, a decline of 0.8% from the previous month, mainly affected by the drop in prices of black metals and nonferrous metals, leading to a slight adjustment in the csi commodity equity index. Among 50 types of commodities closely monitored by the China Logistics and Purchasing Federation, 20 commodities saw a month-on-month price increase in November. The price index for minerals continued to rise, indicating continuous expansion of infrastructure-related activities. Additionally, the shenzhen agricultural products group price index also achieved a rebound from its low point, showing demand in the mainland consumer market.
Express News | Pangang group vanadium & titanium resources: plans to sign a procurement and sales framework agreement with Ansteel Group for the years 2025-2027.
Angang Steel (000898.SZ): The Bamenwan coke oven gas to liquefied henry hub natural gas (LNG) and hydrogen co-production project has been put into operation, expected to reduce carbon dioxide emissions by 0.08 million tons annually.
On December 2, 2023, Longtu reported that angang steel (000898.SZ) recently stated in an investor relations activity that the company traded a total of 2.32 billion kilowatt-hours of clean energy electricity in the first half of the year, including 0.783 billion kilowatt-hours of green electricity, which is an increase of 0.337 billion kilowatt-hours year-on-year. The company's Baishiquan coking gas to liquefied henry hub natural gas (LNG) and hydrogen co-production project has been put into production, and it is expected to reduce carbon dioxide emissions by 0.08 million tons annually.
Angang Steel (000898.SZ): From January to June, the achieved output value was 5.49 tons of carbon dioxide emissions per 10,000 yuan target.
Gelonghui December 2nd, Angang Steel (000898.SZ) stated in recent investor relations activities that angang steel has always been guided by the implementation of the national "dual carbon" strategy and the achievement of the angang group's "dual carbon" goals, focusing on the "optimization of industrial layout, process reengineering" path as the main implementation, promoting energy efficiency improvement, emission reduction, and carbon reduction work. By taking measures such as promoting the high-efficiency generator unit project for comprehensive utilization of excess gas, layout of the green energy industry, and adjusting the company's "dual carbon work promotion system", the target of 5.49 tons of carbon dioxide emissions per 10,000 yuan of output value was achieved in the period from January to June 2024.
Angang Steel (000898.SZ): In the first half of the year, completed the third-party certification work of reducing carbon emissions by 30% for five key products including hot-rolled plates and galvanized plates for autos.
Gelonghui December 2nd │ Angang Steel (000898.SZ) stated in recent investor relations activities that the company has formulated a production process scheme of "long process + large proportion of scrap steel + 100% green electricity", which can achieve mass production of low-carbon green steel with a 30% carbon reduction. In the first half of the year, it completed third-party certification work for reducing carbon emissions by 30% for five key products including hot-rolled plates for auto steel and galvanized plates.
Hong Kong stocks are showing unusual movements | Steel stocks saw an expanded increase in the afternoon, with companies trading below net asset value taking active steps to maintain their market cap. Institutions believe the industry is about to reach a t
Steel stocks increased in the afternoon, as of press time, Maanshan Iron (00323) rose by 8.62% to HK$1.26; Chongqing Iron (01053) rose by 5.26% to HK$1; Angang Steel (00347) rose by 3.55% to HK$1.46; China Oriental (00581) rose by 2.63% to HK$1.17.
Iron Ore Edges Up on Strong Steel Exports, Profit Margins -- Market Talk
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Angang Steel Plans H Share Meeting on Repurchase
Citi: Steel and aluminum are the metals most affected by Trump's tariffs.
Citigroup issued a report stating that under the threat of President Trump's 25% tariffs on imports from Canada and Mexico, steel and aluminum will be the metals most affected. The report indicates that Canada and Mexico are the largest metal suppliers to the USA, and Trump's tariff plan will lead to an increase in the prices of united states steel and aluminum, estimating that the price of steel could rise by 100 to 150 dollars per ton. The aluminum Midwest trade premium in the USA may exceed the prices on the London Metal Exchange, reaching 50 cents per pound.
Express News | Citi has downgraded angang steel's A-shares rating to neutral, with a target price of 2.50 RMB; they have also downgraded angang steel's H-shares rating to neutral, with a target price of 1.60 HKD.
Brokerage Morning Meeting Highlights: The historical bottom of real estate stock valuation may have been established.
At today's brokerage morning meeting, China Securities Co.,Ltd. proposed supply-side optimization, suggesting to focus on industries such as steel, photovoltaic, cement, coal, and rare earths; htsc stated that domestic sales of household appliances are improving with stable exports, focusing on two major themes for the year 2025; China International Capital Corporation believes that the historical bottom of real estate stock valuation may have been established.
Market cap management guidelines promote the rise of dividend assets! The sectors of steel, building materials, and domestic banks have all surged significantly; how is the outlook for the market?
As of now, the Wind price-to-book index has increased by more than 30% since September 18, which includes stocks from large traditional industries such as banks, chemicals, and petrochemicals, while small-cap companies are mainly concentrated in building materials, home furnishings, and other areas.
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