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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.
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.
Hong Kong stocks fluctuating | Steel stocks collectively plummet, MAANSHAN IRON (00323) falls over 19%, Angang Steel (00347) drops nearly 18%.
Steel stocks have collectively plummeted. As of the time of writing, MAANSHAN IRON (00323) has fallen by 19.44%, trading at HKD 1.45; Angang Steel (00347) has dropped by 17.96%, trading at HKD 1.37.
China Oriental Turns to 2024 Profit
China Oriental Group Announces Special Dividend for 2024
