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China Galaxy Securities: Medium to long-term conflicts in Steel supply and demand are intensifying, accelerating the supply-side reform in the Steel Industry.
Short-term imported iron ore may run weakly, potentially leading to a reduction in raw material costs, which is Bullish for domestic Steel companies. In the medium to long term, mainstream mines may also adjust their supply strategy under the changing landscape, increasing uncertainty in iron ore prices.
Latest assessment from Citigroup on the Steel Industry: Under the "pressure test" of tariffs, why have these two steel companies become the "first choice"?
Citi released the latest assessment report on the Steel Industry.
KANGLI INT HLDG: ANNUAL REPORT 2024
Hong Kong stock Concept tracking | Supply-side reform adjusts Steel supply, market focuses on the implementation status of domestic production restrictions (with related stocks)
Citi published a report on China's resource industry, stating that the announced tariffs by the USA have little impact on the Steel-related sub-industries.
Materials Up on Trade Policy Bets -- Materials Roundup
KANGLI INT HLDG (06890.HK) is expected to have a revenue of approximately 1.944 billion yuan in 2024, an increase of about 0.8% year-on-year.
Gelonghui, March 21 - KANGLI INT HLDG (06890.HK) announced that for the year ending December 31, 2024, the group's total revenue is approximately RMB 1.944 billion, an increase of about 0.8% year-on-year. The group's profit for the year increased from approximately RMB 77.446 million in 2023 to about RMB 92.703 million in 2024. Earnings per share are RMB 0.15. In the current year, the sales volume of hard-rolled coils was approximately 35,900 tons, an increase of about 38.8% compared to the previous year, and the sales volume of galvanized steel products for the year ending December 31, 2024, was approximately 302,900 tons, up from the previous year.
Some KangLi International Holdings Limited (HKG:6890) Shareholders Look For Exit As Shares Take 27% Pounding
