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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.
Hunan Valin Steel (SZSE:000932) Investors Are Sitting on a Loss of 21% If They Invested Three Years Ago
One of the frustrations of investing is when a stock goes down. But when the market is down, you're bound to have some losers. The Hunan Valin Steel Co., Ltd. (SZSE:000932) is down 32% over three y
Hunan Valin Steel (000932.SZ): China Agricultural Bank, one of the top ten shareholders, has conducted margin brokers business. The controlling shareholder, Hunan Steel Group, has not conducted margin brokers business.
Hunan Valin Steel (000932.SZ) stated on the investor platform on June 18th that the company has disclosed the participation of shareholders with more than 5% holding, top 10 shareholders, and top 10 unrestricted circulation shareholders in the margin trading business lending of stocks in the first quarter report of 2024. One of the top ten shareholders, Agricultural Bank of China Limited, has carried out margin trading business with China Securities 500 Index Open-End Securities Investment Fund. The company's controlling shareholder Huanan Valin Steel Group and concerted action parties did not engage in margin trading business.
Hunan Valin Steel (000932.SZ): In terms of silicon steel used in new energy car drive motors, it has already achieved small-scale supply to some automakers.
Hunan Valin Steel (000932.SZ) stated on the investor platform on June 11 that the first phase of the Liangang non-oriented silicon steel project has been put into operation by the end of June 2023, with all products positioned in the mid-to-high-end non-oriented silicon steel market and mainly targeted at the three major fields of household electric machines, industrial electric machines, and new energy automobile drive motors. Certification work in the household and industrial electric machine fields is progressing smoothly; as for the silicon steel used in new energy automobile drive motors, small quantities have already been supplied to some car manufacturers, and certification work is currently being accelerated.
Hunan Valin Steel (000932.SZ): In recent years, the company's profit and net asset return rate have remained among the top in the industry.
On June 6, Gelunhui reported that Hunan Valin Steel (000932.SZ) stated on the investor interaction platform that in recent years, the company has adhered to a differentiation strategy and continuously invested in the direction of transformation and upgrading of demand in the field of industrial steel in China. In recent years, capital expenditures have mainly revolved around three categories: ultra-low emission transformation, production line upgrade and product structure adjustment, and digitalization. The company has successively implemented key projects such as the second phase of the automotive board project, the thick plate billet continuous casting machine project, and cold-rolled silicon steel, laying a good foundation for the further high-end product structure of the company. At the same time, the company adheres to investment in R&D of new products, with dozens of products replacing imports or filling domestic gaps every year.
Hunan Valin Steel (000932.SZ): Not yet participated in iron ore futures trading in the Singapore market.
On June 6th, Valin Steel (000932.SZ) stated on an investor platform that the company adheres to low inventory operation of raw materials and purchases on demand. At the same time, the company carries out hedging operations in accordance with relevant regulations and operational management to cope with fluctuations in raw material prices. The company has not yet participated in iron ore futures trading in the Singapore market.
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