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Maanshan Iron & Steel to Host Q3 Results Discussion
Maanshan Iron & Steel Aligns Auditor With China Baowu
Maanshan Iron (00323.HK) plans to hold a performance briefing for the third quarter of 2024 on November 14th.
gelonhui November 5th | maanshan iron (00323.HK) announced that the company has disclosed the third quarter report for 2024 on the Shanghai Stock Exchange website on October 30, 2024. To provide investors with a more comprehensive understanding of the company's operating results and financial condition for the first three quarters of 2024, the company plans to hold a 2024 third quarter performance briefing on November 14, 2024 (Thursday) from 15:30 to 17:00. The event will be conducted in the form of online interaction, addressing issues of concern to investors regarding the performance of the first three quarters of 2024.
Is Maanshan Iron & Steel (HKG:323) Using Too Much Debt?
Hong Kong stock concept tracking | Steel prices in the fourth quarter are expected to usher in a phase of rebound opportunity. Institutions are bullish on policy-driven industry valuation repair (with concept stocks).
Steel industry representatives indicated that steel prices are expected to usher in a phase of rebound in the fourth quarter.
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.
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