Will the Steel Industry reduce production? Baoshan Iron & Steel: Most likely event. The group will focus on supporting the joint-stock company | Coverage of the Earnings Conference.

① There are rumors in the Steel market that the Industry will limit production by 50 million tons. The company responded that production limitation is a high probability event, but the company is confident in coping with it, and the group will provide support in terms of capacity. ② Regarding Baoshan Iron & Steel's stake in Ma Steel, the company stated that it plans to transform Ma Steel into a core strategic product base for the third generation, and Ma Steel will play an important role in the premium long product strategy.

cls.cnApr 28 09:48 ET

Baoshan Iron & Steel invests in a subsidiary of Maanshan Iron & Steel, accelerating the integration of Steel assets | Quick-read announcement.

① Baoshan Iron & Steel plans to invest 9 billion yuan to acquire shares in Maanshan Iron & Steel's most severely loss-making subsidiary, Maanshan Limited. ② Baoshan Iron & Steel stated that the investment aligns with the company's Global Strategy, can fully leverage the competitive advantages of its professional Sector, effectively enhance the competitiveness of both parties, achieve synergistic development and share benefits, and further increase regional market influence and competitiveness.

cls.cnApr 17 11:11 ET

A year after Baosteel took over, Shandong Iron And Steel reduced losses by 90% in the first quarter | Interpretations

① Shandong Iron And Steel is expected to lose approximately 14.5 million in the first quarter, with a loss reduction of over 90%; ② Company insiders stated that the overall pressure in the Industry still exists, and the company achieved a year-on-year reduction in losses through various internal efforts, including cost control and optimization of product structure.

cls.cnApr 7 08:56 ET

After a continuous reduction in volume, short-term sentiment has reached a freezing point. Can the recovery of AI computing power lead to a market rebound?

Although the market experienced some degree of recovery yesterday afternoon, the rebound strength remains relatively weak, and the short-term trend continues to show a weak adjustment structure.

cls.cnMar 31 21:23 ET

[Market Data] The trading volume of multiple GFNZ100 has surged as leading capital speculates on Hang Zhou Iron & Steel.

① The trading volume of multiple GFNZ100 has surged, among which the Chinaamc NASDAQ 100 ETF(QDII) saw a 387% increase compared to the previous trading day. ② The limit-up computing concept stock Hang Zhou Iron & Steel was purchased by a leading speculative fund seat while also facing sells from two leading speculative fund seats.

cls.cnMar 31 05:51 ET

The gross margin of the main products is negative, and Angang Steel lost over 7 billion yuan last year | Interpretations

1. Angang Steel's net income for 2024 is 7.122 billion yuan, a year-on-year decline of 118.8%, possibly setting a new high for losses in the Steel industry. 2. The gross margin for the company's main products, including cold-rolled, hot-rolled, and medium-thick plates, is all negative.

cls.cnMar 30 10:15 ET