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Thailand To Become Second In Southeast Asia To Tax Carbon Emissions
Angang Steel repurchased and cancelled a total of 0.4506 million restricted stocks.
Angang Steel Co., Ltd. (00347) announced that for the first time, 12 incentive objects in the reserved grant and 1 incentive object in the reserved grant no longer meet the incentive conditions due to job transfers, retirement, or termination of labor relations with the company; 1 incentive object in the reserved grant no longer meets the incentive conditions due to becoming an independent director or supervisor and cannot hold company restricted stocks. In accordance with the relevant provisions of this plan, the company intends to repurchase and cancel a total of 0.4506 million A-shares of restricted stocks held by the above-mentioned incentive objects. The repurchase price of the restricted stocks held by some incentive objects in the first grant is 2.01 yuan/stock (the repurchase price is based on
Angang Steel Completes Share Repurchase and Cancellation
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.
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