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Steel stocks are rising broadly, Angang Steel (00347) is up 4.03%. Institutions expect this year to be a turning point for the Steel Industry in China.
Jinwu Financial News | Steel stocks generally rose. As of the time of publication, Angang Steel (00347) rose 4.03%, CHINA ORIENTAL (00581) rose 3.36%, HK SH ALLIANCE (01001) rose 2.70%, HUAJIN INTL (02738) rose 2.50%, CHONGQING IRON (01053) rose 2.50%, and MAANSHAN IRON (00323) rose 1.88%. On the news front, CITIC SEC expects that 2025 will be a turning point year for China's Steel Industry. Q1 2025 is expected to become a long-term performance turning point for the Steel Industry. The bank pointed out that supply-side reform is crucial for the industry.
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.
Express News | Huajin International Holdings - Xu Jianhong Has Tendered Resignation as Vice Chairman
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.
HUAJIN INTL (02738) released its 2024 annual performance, with a loss attributable to Shareholders of 91.026 million yuan.
HUAJIN INTL (02738) released its 2024 annual results, with an income of 5.897 billion yuan (RMB, the same here)...
Market Might Still Lack Some Conviction On Huajin International Holdings Limited (HKG:2738) Even After 60% Share Price Boost
