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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.
Hong Kong stocks fluctuate | Steel stocks lead the decline, steel prices are expected to see a phased rebound, market focuses on subsequent capacity reduction and joint restructuring mechanism.
Steel stocks surged across the board yesterday, leading the decline today. As of press time, chongqing iron (01053) fell by 7.89%, to HKD 1.05; irc (01029) fell by 4.17%, to HKD 0.092; maanshan iron (00323) fell by 3.79%, to HKD 1.27; and angang steel (00347) fell by 3.07%, to HKD 1.58.
The three major stock indexes in Hong Kong collectively closed higher, with steel stocks performing well.
① What news inspired the strengthening of real estate stocks? ② What is the reason for the rise of Mingchuang Premium? ③ Will the net inflow of capital to the South continue?
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?
China Galaxy Securities: Policy-driven stable growth, industry supply and demand are expected to marginally improve, catalyzing a rebound in steel prices.
The central meeting releases a resolute signal to stabilize growth, and steel, as a low-level pro-cyclical variety, is expected to benefit fully, with excess returns expected.
IRC Seeks to Raise HK$362 Million From Rights Issue
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