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Angang Steel (000898.SZ) has already possessed the production capacity of all types of non-oriented high, medium and low grade silicon steel products.
On July 24th, Glonaabot reported that Angang Steel Co., Ltd. (000898.SZ) stated at an investor relations event that the company has a relatively complete product series of hot rolled coil, medium and heavy plate, cold rolled plate, galvanized plate, color coated plate, cold rolled silicon steel, heavy rail and profiles, seamless steel pipe, wire rods, etc. The products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electrical utilities, railroads, ships, autos, construction, home appliances, aviation, etc. The company's shipbuilding steel is at the forefront of the domestic market in terms of product ship class certification, high-tech shipbuilding steel first release and stable supply in batches, and coverage rate of steel grade and product specifications; as for automotive steel, it can
Huabao Securities: Blast furnace start-up increases compared to the low demand season, steel prices downward pressure.
In July, the terminal demand for steel is still greatly affected by seasonality, and the space for supply contraction is limited. It is expected that the steel price will continue to decline in July, and the short-term profit situation of steel companies may be difficult to improve significantly.
Hong Kong stock market concept tracking: Institutions are optimistic of the steel industry's profit recovery in the second half of the year, as infrastructure projects may have concentrated efforts to complete. (Attached concept stocks)
The situation of relatively surplus raw material supply will also continue, and steel mill profits are expected to rebound due to the double bullish of demand improvement and cost reduction.
Shengjingbank signed a global strategy cooperation agreement with Angang Group.
On July 15th, the strategic cooperation agreement signing ceremony was held between Shengjing Bank and Angang Group. Tan Chengxu, Secretary of the Party Committee and Chairman of Angang Group, and Sun Jin, Secretary of the Party Committee and Chairman of Shengjing Bank, attended the ceremony. Xie Feng, member of the Party Committee and Chief Accountant of Angang Group, and Liu Xu, Vice Secretary of the Party Committee and President of Shengjing Bank, respectively represented both parties to sign the strategic cooperation agreement.
Huafu Securities: Profits hit a bottom waiting for recovery, steel prices still have support.
In 2024, there is an expected contraction in steel supply, downstream consumer demand is expected to stabilize, and the steel supply-demand relationship may be improved. Considering the positive development of steel products towards high-end and high added value direction, the industry concentration is expected to further increase, and industry profits may bottom out and recover.
Metal resource stocks under pressure, MMG (01208) fell 7.06%. Institutions point to the difficult change in the pattern of oversupply in energy metals.
Metal resource stocks are under pressure. MMG (01208) fell by 7.06%, Aluminum Corporation of China (02600) fell by 6.11%, Chinahongqiao (01378) fell by 4.56%, Jiangxi Copper (00358) fell by 4.15%, Angang Steel (00347) fell by 2.44%. Minshen Securities said that on the production side, the off-season production decline exceeded seasonal factors, and coal and industrial metals prices showed resilience. The second quarter is the stage of production switching from peak season to off-season. The marginal decline in production is normal rhythm, but the decline is beyond the seasonal level. Weak real estate and infrastructure investment is an important solution.
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