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Changjiang Securities: Steel market in the second half of the year may revolve around expectations and supply-side games. The rhythm may be first suppressed and then boosted.
Around the expectations or supply game, the steel market may enter a phase of first suppressing and then raising in the second half of the year. Under the lack of obvious demand drive, the steel market may revolve around expectations and supply-side games.
Those Who Invested in Nanjing Iron & Steel (SHSE:600282) Five Years Ago Are up 115%
Huafu Securities: Steel production in May rebounds, pay attention to policy signals as demand weakens.
Zhitong Finance App learned that Huafu Securities released a research report stating that due to the continuous destocking of steel in the previous period, there is currently little pressure on steel inventory and the supply and demand contradictions are not prominent. Steel production in May increased month-on-month, steel exports increased month-on-month, and the average export price of products was low. In the future, steel exports will face increasing unfavorable factors such as trade disputes and restrictions on low value-added exports, and there is a possibility of top reversal in the export volume. Before the important meeting was held, the policy was in a vacuum period, and the policy expectations were weakened. The market turned to focus on industry fundamentals, and with the deepening of the off-season downstream demand marginally weakened, the supply and demand contradictions in the industry accumulated. The policy signals should be paid attention to in the future.
CITIC (00267): The controlling shareholder of Nanjing Iron & Steel is still Nanjing Steel Union, and the actual controller is still CITIC Group.
Zhixin shares (00267) announced that on June 17, 2024, Nanjing Iron and Steel Co., Ltd. (Nanjing Iron & Steel, 600282.SH) received notice from Taifook Special Steel (Jiangsu) Co., Ltd. (Jiangsu Special Steel) that Hubei Xinye Steel Co., Ltd. (Xinye Steel), the controlling shareholder of Nanjing Iron & Steel Group Co., Ltd. (Nanjing Iron & Steel Group), has signed an equity transfer agreement with Jiangsu Special Steel. Xinye Steel intends to transfer its 55.2482% equity of Nanjing Iron & Steel Group to Jiangsu Special Steel (this transaction). After the completion of this transaction, Jiangsu Special Steel will become the shareholder of Nanjing Iron & Steel.
CITIC (00267): Nanjing Iron & Steel provides a total guarantee of no more than 20 million yuan for Anyang Heli.
According to the Zhitong Finance App, CITIC Co., Ltd. (00267) announced that Nanjing Iron & Steel Co., Ltd. (Nangang Steel Co., Ltd., including subsidiaries) will provide a total guarantee of no more than 20 million yuan for the holding subsidiary Anyang Heli. In 2024, Nangang Steel Co., Ltd. actually provided an additional guarantee balance of 0.0,000 yuan to Anyang Heli, and the total guarantee balance provided to Anyang Heli was 30 million yuan (including continuation). The balance of the above guarantee does not include this guarantee. Anyang Heli and its wholly-owned subsidiary Anyang Fosun Heli New Material Technology Co., Ltd. (hereinafter referred to as “Anyang Heli Technology”) provided a counterguarantee against Anyang Heli and Nangang Steel Co., Ltd.
Nanjing Iron & Steel Co., Ltd.'s (SHSE:600282) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?
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