Iron Ore Edges Up on Strong Steel Exports, Profit Margins -- Market Talk

WSJDec 1 21:31 ET

Maike Tube Industry Names Wang Ning as New CEO

TipRanksNov 29 06:10 ET

Express News | Maike Tube Industry Holdings Ltd - Wang Ning Appointed as CEO

ReutersNov 29 05:39 ET

Brokerage Morning Meeting Highlights: The historical bottom of real estate stock valuation may have been established.

At today's brokerage morning meeting, China Securities Co.,Ltd. proposed supply-side optimization, suggesting to focus on industries such as steel, photovoltaic, cement, coal, and rare earths; htsc stated that domestic sales of household appliances are improving with stable exports, focusing on two major themes for the year 2025; China International Capital Corporation believes that the historical bottom of real estate stock valuation may have been established.

cls.cnNov 18 19:13 ET

China Securities Co., Ltd.: Real estate policies drive a recovery in the steel industry, with crude steel monthly production rebounding for the first time since June.

From January to October, domestic pig iron production was 715.11 million tons, a year-on-year decrease of 4%; crude steel production was 850.73 million tons, a year-on-year decrease of 3%; steel production was 1164.84 million tons, a year-on-year increase of 0.5%. In October, pig iron and crude steel production grew by 1.4% and 2.9% respectively, marking the first rebound since June.

Zhitong FinanceNov 17 20:16 ET

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.

cls.cnOct 31 10:59 ET