[Brokerage Focus] CITIC SEC expects 2025 to be a turning point year for China's Steel Industry, maintaining the industry's "outperforming the market" rating.

Jinwu Financial News | CITIC SEC predicts that 2025 will be a turning point year for China's Steel Industry. The first quarter of 2025 is expected to become a long-term performance inflection point for the Steel Industry. The bank indicated that supply-side reform is an important policy guarantee after the Steel Industry enters a stage of reduction. The Steel Industry is a typical overcapacity industry, and due to the large scale of steel production in China, further integration has become increasingly difficult after the consolidation period following 2015. "Promoting integration and restructuring, and pushing for the exit of backward and inefficient capacity" is an urgent priority for the Steel Industry. Achieving such results demands that supply-side reform is imperative. The Steel Industry is expected to enter...

Jinwu Financial NewsApr 29 08:57 · Ratings

IRC: Annual Report 2024

HKEXApr 25 08:00 · Announcements

China Galaxy Securities: Medium to long-term conflicts in Steel supply and demand are intensifying, accelerating the supply-side reform in the Steel Industry.

Short-term imported iron ore may run weakly, potentially leading to a reduction in raw material costs, which is Bullish for domestic Steel companies. In the medium to long term, mainstream mines may also adjust their supply strategy under the changing landscape, increasing uncertainty in iron ore prices.

Zhitong FinanceApr 18 16:12

Latest assessment from Citigroup on the Steel Industry: Under the "pressure test" of tariffs, why have these two steel companies become the "first choice"?

Citi released the latest assessment report on the Steel Industry.

Zhitong FinanceApr 18 09:53

Hong Kong stock Concept tracking | Supply-side reform adjusts Steel supply, market focuses on the implementation status of domestic production restrictions (with related stocks)

Citi published a report on China's resource industry, stating that the announced tariffs by the USA have little impact on the Steel-related sub-industries.

Zhitong FinanceApr 9 13:27

In the performance report, IRC (01029.HK) narrowed its loss to 20.491 million USD last year.

IRC (01029.HK) announced its annual results for the year ended last December, noting a decline in production and sales due to ore quality issues, with revenue of 0.221 billion USD, a year-on-year decrease of 12.6%. Losses narrowed to 20.491 million, down from a loss of 0.157 billion during the same period last year; the loss per share was 0.23 cents. No dividend was declared. Nikolai Levitskii, chairman of IRC, stated that the year was filled with severe challenges, with the ore quality issues from K&S and the weak global iron ore market impacting the company's financial performance.

AASTOCKSMar 26 08:53