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Huafu Securities: Steel production in May rebounds, pay attention to policy signals as demand weakens.
Zhitong Finance App learned that Huafu Securities released a research report stating that due to the continuous destocking of steel in the previous period, there is currently little pressure on steel inventory and the supply and demand contradictions are not prominent. Steel production in May increased month-on-month, steel exports increased month-on-month, and the average export price of products was low. In the future, steel exports will face increasing unfavorable factors such as trade disputes and restrictions on low value-added exports, and there is a possibility of top reversal in the export volume. Before the important meeting was held, the policy was in a vacuum period, and the policy expectations were weakened. The market turned to focus on industry fundamentals, and with the deepening of the off-season downstream demand marginally weakened, the supply and demand contradictions in the industry accumulated. The policy signals should be paid attention to in the future.
Citic Pacific Special Steel Group (SZSE:000708) Seems To Use Debt Quite Sensibly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to rui
Market Chatter: MSCI Adds 10 Companies to China Index
The MSCI China Index added 10 companies to its benchmark to reflect change in its valuations, Yicai Global reported Tuesday. Among those added are auto parts, carbon steel, white goods, and oil and ga
CICC: The pace of energy saving and carbon reduction transformation may speed up, and the profit distribution pattern of the steel industry chain is expected to improve
The erosion of steel profits by furnace materials in the bottom cycle of this round is obvious. As production regulation progresses, profit distribution in the industrial chain may change, and pressure on the raw material side is expected to weaken.
Has Citic Pacific Special Steel Group Co., Ltd (SZSE:000708) Stock's Recent Performance Got Anything to Do With Its Financial Health?
Citic Pacific Special Steel Group's (SZSE:000708) stock is up by 6.5% over the past three months. As most would know, long-term fundamentals have a strong correlation with market price movements, so
CITIC Co., Ltd. (00267): CITIC Special Steel (000708.SZ) subsidiary plans to provide a guarantee of 229 million yuan for Tianguan International Trade
CITIC Special Steel (000708.SZ), a subsidiary of CITIC Co., Ltd. (00267), issued an announcement. The company's subsidiary Tianjin...
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