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Express News | ****: The steel industry is an important basic industry in our country, and the real economy is the foundation of the national economy.
Driven by demand from China, iron ore has once again surpassed the $100 mark.
SGX iron ore Futures rose for the fourth consecutive trading day, with Analysts indicating that the rebound in iron ore prices is mainly driven by strong demand from China. Yesterday, China's General Administration of Customs released import and export data showing that China's iron ore imports reached a record 1.24 billion tons in 2024.
In December, China's import volume of CSI Commodity Equity Index showed a mixed trend, with iron ore remaining at a high level, while the import volume of Coal and Soybean reached a record high for the year.
In December, the year-on-year increase in unrefined Copper and copper materials, integrated circuits, iron ore and its concentrates ranked first, while the decline in finished oil was the largest. The import volume of iron ore has remained above 0.1 billion tons for six consecutive months, and the import volume of Coal has remained above 45 million tons for the sixth consecutive month.
The General Administration of Customs: China's iron ore import volume will reach a record high in 2024! What is the situation regarding the import of Soybean, Crude Oil Product, Coal, and other CSI Commodity Equity Index?
According to Statistics from customs, in 2024, the total value of China's goods trade imports and exports reached 43.85 trillion yuan, a year-on-year increase of 5%.
Hong Kong stocks have seen fluctuations | Steel stocks fell across the board today as the overall winter storage situation did not meet expectations; Institutions indicate that the Industry is weak under a dual supply and demand weakness.
Steel stocks fell broadly today. As of the time of reporting, Angang Steel (00347) dropped by 5.41%, reporting at 1.4 HKD; CHONGQING IRON (01053) fell by 4.44%, reporting at 0.86 HKD; MAANSHAN IRON (00323) decreased by 1.84%, reporting at 1.6 HKD.
Mayer Holdings Announces Change of Principal Share Registrar