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Express News | gtja: Policies are expected to continue to strengthen, no need to be pessimistic about the later demand for the steel industry.
In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.
① In the third quarter, losses in the steel industry intensified, with 21 out of 27 listed steel smelting companies recording losses, totaling over 14.5 billion yuan in losses, the quarterly loss total approaching last year's full year. ② Industry insiders believe that the main reason for the losses is the steel industry's own overcapacity, poor industry self-discipline, failure to actively limit production, product oversupply, continuously declining steel prices, slow decline in raw materials, and severe industry profit compression.
Reorganization bullish boosts Hong Kong steel stocks! chongqing iron & steel soars nearly 38%, leading the market.
①How do institutions view the restructuring of the steel industry? ②How do institutions view the subsequent performance of the steel industry at present?
Abnormal movement hits | Chongqing Iron soared 50%, leading the steel sector. China Iron and Steel Association will accelerate research to promote capacity governance and joint restructuring.
Steel stocks strengthened in early trading. As of the time of publication, Chongqing Iron rose 51.72%, to 1.32 Hong Kong dollars; Maanshan Iron rose 17.36%, to 1.42 Hong Kong dollars; Angang Steel rose 11.84%, to 1.7 Hong Kong dollars.
China Galaxy Securities: Policy-driven stable growth, industry supply and demand are expected to improve marginally, catalyzing the rebound of steel prices.
The Central Conference has released a resolute signal to stabilize growth, steel, as a low-position pro-cyclical variety, is expected to benefit fully, with excess returns expected.
MAYER HOLDINGS (01116.HK): Subsidiaries collaborate with multiple Mainland governments and academic institutions to develop energy storage projects.
MAYER HOLDINGS (01116.HK) announced that through its subsidiary Guangzhou Meiya Development, the nanometer PCM is a material that can exhibit high performance in a wide temperature range (i.e. from -68°C to 600°C), used to address major challenges related to energy saving and energy efficiency. MAYER HOLDINGS stated that the nanometer PCM products of Guangzhou Meiya can provide benefits in energy saving, waste heat recovery, and thermal energy management, and therefore can be widely used in agriculture and high-end industrial applications. This includes ultra-efficient energy storage cooling systems, industrial cooling systems, and waste heat recovery.
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