Express News | Galaxy Securities: The concentration in the Steel Industry is expected to continue to increase.

BreakingsDec 26, 2024 08:29

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.

cls.cnDec 10, 2024 13:39

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.

cls.cnDec 9, 2024 17:19

Iron Ore Edges Up on Strong Steel Exports, Profit Margins -- Market Talk

WSJDec 2, 2024 10:31

Newton Resources to Swing to Loss in 2024

MT NewswiresNov 25, 2024 16:23

Profit warning: newton res (01231.HK) sees a decline in gross profit, expecting annual results to be in red.

Newton Res (01231.HK) issued a profit warning, expecting to record a net loss of approximately 1 million US dollars by the end of 2024, compared to a net profit of 2.4 million US dollars in the previous year. Mainly due to the overall decrease in gross profit of the group.

AASTOCKSNov 24, 2024 17:33