Bengang Steel Plates Co., Ltd.'s (SZSE:000761) Low P/S No Reason For Excitement

Simply Wall StFeb 5 21:29 ET

Express News | Bengang Steel Plates Expects to Post 5.02 Bln Yuan Loss in 2024 Vs 1.74 Bln Yuan Loss a Year Ago

ReutersFeb 4 02:57 ET

Bengang Plate: Bengang Plate Co., Ltd. 2024 Annual Performance Forecast

SZSIJan 27 11:00 ET · Announcements

Bengang Steel Plates (SZSE:000761 Investor Three-year Losses Grow to 14% as the Stock Sheds CN¥1.2b This Past Week

Simply Wall StDec 25, 2024 23:22 ET

Bengang Steel Plates (SZSE:000761) Has Debt But No Earnings; Should You Worry?

Simply Wall StNov 12, 2024 17:18 ET

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.

①In the third quarter, the losses in the steel industry worsened, with 21 out of 27 listed steel smelting companies experiencing losses, totaling over 14.5 billion yuan, with the total quarterly loss amount almost approaching that of the entire previous year. ②Industry experts believe that the main reason for the losses is the overcapacity in the steel industry itself, poor industry self-discipline, failure to actively limit production, oversupply of products, continuous decline in steel prices, slow decrease in raw material prices, and severe industry profit compression.

cls.cnOct 31, 2024 10:59 ET