Huabao Securities: The overall steel inventory removal process in April accelerated downstream demand or was supported by policies

As the release of steel mill supply gradually progressed in April, compounded by national policies to stimulate downstream demand, the overall rate of steel de-stocking accelerated in April. The improvement in profits of steel companies stimulates the enthusiasm of steel mills to produce, and it is expected that the capacity utilization rate of steel mills will continue to grow in May.

Zhitong FinanceMay 22 22:49 ET

Haitong International: The PB valuation is already at the bottom of the 24Q1 domestic crude steel consumption decline sector

Judging from the PB trend in the steel sector (Shenwan) over the past 24 years, the PB valuation of the steel sector is currently in the bottom region; in global comparison, the PB valuation of A-share steel companies is in the middle. The more expensive ones are the US and Taiwan, and the valuations of European and Russian steel companies are significantly lower.

Zhitong FinanceMay 22 21:50 ET

China Steel Association: In April, China's crude steel production of 85.94 million tons fell 7.2% year on year

According to the China Iron and Steel Association, data released by the National Bureau of Statistics shows that in April, crude steel production was 85.94 million tons, a year-on-year decrease of 7.2%.

Zhitong FinanceMay 17 06:07 ET

Changes in Hong Kong stocks | Angang Steel shares (00347) rose more than 6%, leading steel stocks in March, steel exports clearly exceeded expectations, and exports from Southeast Asia and the Middle East continued to rise

Steel stocks rose in the afternoon. As of press release, Angang Steel (00347) rose 6.52% to HK$1.47; Chongqing Iron & Steel (01053) rose 4.76% to HK$0.66; Maanshan Steel (00323) rose 4.17% to HK$1.25; and China Oriental Group (00581) rose 2.83% to HK$1.09.

Zhitong FinanceMay 16 02:48 ET

China Oriental Group (00581.HK): Zhu Hao will retire as non-executive director

Gelonghui, May 8, 丨 China Oriental Group (00581.HK) announced that from the end of the annual general meeting of shareholders: (i) Mr. Zhu Hao will retire as a non-executive director on a rotational basis in accordance with the Articles of Association; and (ii) Mr. Wang Tianyi will retire as an independent non-executive director of the Board of Directors on a rotational basis in accordance with the Articles of Association, and will no longer serve as a member of the Audit Committee, Nomination Committee and Remuneration Committee respectively. The Board of Directors announced that it has proposed the appointment (subject to shareholders' approval at the annual general meeting of shareholders): (i) Mr. Li Mingdong is an executive director. If approved, Mr. Li Mingdong's appointment will take effect from the end of the current Annual General Meeting of Shareholders

Gelonghui FinanceMay 8 06:17 ET

China Oriental Group (00581) proposes to appoint Li Mingdong as Executive Director

China Oriental Group (00581) issued an announcement. The board of directors announced that since the end of the recent annual general meeting of shareholders: (i) Zhu...

Zhitong FinanceMay 8 06:16 ET