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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.
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?
add new energy [02623] is now trading at 0.69 Hong Kong dollars, a decrease of 12.66%.
As of 14:11, Guoxing New Energy [02623] reported HK$0.69, a decrease of HK$0.1 or 12.66% from the previous closing price of HK$0.79, with a turnover of HK$0.0055 million. Today's highest price was HK$0.69, and the lowest price was HK$0.69. Based on yesterday's closing price calculation, the 10-day average price is HK$0.72, and the 50-day average price is HK$0.77. The current P/E ratio is 4.38 times, and the 14-day relative strength index is 48.39.
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.
ADD NEW ENERGY: Interim Report 2024
HK stock unusual movement | Steel stocks rallied at the close, positive policy changes driving expectations for improvement. Market cap management guidelines are expected to stimulate sector recovery.
Steel stocks rallied in the final trading session. As of press time, maanshan iron (00323) rose by 10.1% to HKD 1.09; angang steel (00347) rose by 8.26% to HKD 1.31; chongqing iron (01053) rose by 6.35% to HKD 0.67; china oriental (00581) rose by 5.5% to HKD 1.15.
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