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Express News | gtja: Policies are expected to continue to strengthen, no need to be pessimistic about the later demand for the steel industry.
In the third quarter, the loss amount is close to the annual level of last year. How to solve the "dilemma" of the steel industry? Suggestions from the industry recommend actively reducing production.
① In the third quarter, losses in the steel industry intensified, with 21 out of 27 listed steel smelting companies recording losses, totaling over 14.5 billion yuan in losses, the quarterly loss total approaching last year's full year. ② Industry insiders believe that the main reason for the losses is the steel industry's own overcapacity, poor industry self-discipline, failure to actively limit production, product oversupply, continuously declining steel prices, slow decline in raw materials, and severe industry profit compression.
Angang Steel: Decrease in Profit Mainly Due to Decline in Steel Settlement Prices Exceeding Raw Material Prices>0347.HK
Angang Steel 9-Mos Total Oper Rev CNY79.26B Vs. CNY85.95B >0347.HK
Abnormal statistics of the proportion of Tonghong shares on October 31st.
Stock Connect Hong Kong-Shenzhen Stock Connect ratio abnormal statistics | October 30, 2024
Angang Steel Co., Ltd.: Report for the third quarter of 2024
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