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 writing, Angang Steel (00347) fell by 5.41%, priced at 1.4 HKD; CHONGQING IRON (01053) fell by 4.44%, priced at 0.86 HKD; MAANSHAN IRON (00323) fell by 1.84%, priced at 1.6 HKD.

Zhitong FinanceJan 8 11:49

Steel stocks generally rose, with MAANSHAN IRON (00323) increasing by 8.76%. Institutions indicated that bullish macroeconomic factors have strengthened, providing support for steel prices.

Jingu Financial News | Steel stocks rise overall, MAANSHAN IRON (00323) up 8.76%, CHONGQING IRON (01053) up 2.35%, Angang Steel (00347) up 1.42%. Minsheng Securities stated that the old-for-new policy will continue, and demand expectations are expected to boost. This week, the central bank held a quarterly meeting for the fourth quarter, increasing financial support for large-scale equipment updates and the old-for-new exchange of consumer goods, enhancing the revitalization of existing commodity housing and existing land, promoting the stabilization of the Real Estate market; the National Development and Reform Commission stated that this year it will increase the issuance of ultra-long special bonds to support "two-heavy" construction with greater strength.

Jinwu Finance NewsJan 6 13:47

Chongqing Iron & Steel's Strategic Share Repurchase

TipRanksDec 30, 2024 21:38

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

BreakingsDec 26, 2024 08:29

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.

Zhitong FinanceDec 18, 2024 10:13

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