In terms of performance, as of July 15th, a total of 29 listed companies in the steel sector have issued performance forecasts for the first half of the year. The net profit of 16 companies including Fushun Special Steel, Sangang Minguang, Xingang, and Liugang will increase year-on-year Over 100%, Baotou Iron & Steel Co., Ltd. is expected to achieve a net profit of about 2 to 2.8 billion yuan attributable to the parent in the first half of the year, a year-on-year increase of 2281% to 3233%, the largest increase.
Recently, many places have issued policies to limit steel production in the second half of the year, and the prices of superimposed raw materials have peaked and fallen, and steel prices have rebounded significantly after hitting the bottom.
In this regard, the CITIC Construction Investment Research reported that production restrictions in various regions have resumed. Baowu steel mills and Anhui, Jiangsu, Gansu and other regions have conducted relevant conferences to decentralize indicators, requiring production not to be higher than 2020. Considering that all steel companies have increased production in the first half of the year, the annual output not higher than 2020 will lead to a reduction in production in the second half of the year. The current production restriction is more about gradually decentralizing the indicators to the enterprise, without making too many regulations on the pace of completion. If strictly implemented, the supply side will face a relatively large contraction.
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3023 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ahbah
6,175 posts
Posted by ahbah > 2021-07-14 13:04 | Report Abuse
Investors should SLOWLY over long period of time to accumulate steel stocks as they are cheap now ?