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Huabao Securities: Blast furnace start-up increases compared to the low demand season, steel prices downward pressure.
In July, the terminal demand for steel is still greatly affected by seasonality, and the space for supply contraction is limited. It is expected that the steel price will continue to decline in July, and the short-term profit situation of steel companies may be difficult to improve significantly.
Maanshan Iron & Steel Announces Senior Management Reshuffle
Maanshan Iron (00323) has appointed Zhang Wenyang as the company's general manager and financial executive.
Maanshan Iron (00323) announced that the company's board of directors recently received Mr. Ren Tianbao's resignation letter...
Maanshan Iron & Steel (600808.SH) appointed Zhang Wenyang as the General Manager and CFO.
Maanshan Iron & Steel (600808.SH) announced that the company's board of directors recently received the resignation letter from Rentianbao due to retirement...
Hong Kong stock market concept tracking: Institutions are optimistic of the steel industry's profit recovery in the second half of the year, as infrastructure projects may have concentrated efforts to complete. (Attached concept stocks)
The situation of relatively surplus raw material supply will also continue, and steel mill profits are expected to rebound due to the double bullish of demand improvement and cost reduction.
Huafu Securities: Profits hit a bottom waiting for recovery, steel prices still have support.
In 2024, there is an expected contraction in steel supply, downstream consumer demand is expected to stabilize, and the steel supply-demand relationship may be improved. Considering the positive development of steel products towards high-end and high added value direction, the industry concentration is expected to further increase, and industry profits may bottom out and recover.
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