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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.
China Oriental (00581): Qingdao Huijintong Power Equipment (603577.SH) net income attributable to parent company in the first three quarters was 0.105 billion yuan, a year-on-year increase of 223.32%.
china oriental (00581) announced qingdao huijintong power equipment (603577.SH) up to September 30, 2024...
CHINA ORIENTAL: UNAUDITED CONSOLIDATED FINANCIAL RESULTS OF QINGDAO HUIJINTONG POWER EQUIPMENT CO., LTD.* FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2024
Reorganization bullish boosts Hong Kong steel stocks! chongqing iron & steel soars nearly 38%, leading the market.
①How do institutions view the restructuring of the steel industry? ②How do institutions view the subsequent performance of the steel industry at present?
HK stock abnormal movement | china oriental (00581) rose more than 8%, recently jointly invested in new energy soft magnetic materials project with Amesil Milta.
China Oriental Group (00581) rose more than 8%, up 8.2% as of press time, at 1.32 Hong Kong dollars, with a turnover of 8.029 million Hong Kong dollars.
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