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.
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.
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%.
China Mining Association: The cumulative production of 336.026 million tons of steel in the first quarter increased 4.4% year-on-year
On April 30, the China Mining Association announced the economic performance of the metallurgical mining industry for March 2024.
康利國際控股:年報 2023
World Steel Association: In January 2024, global crude steel production was 161.2 million tons, down 4.3% year on year
On April 23, the World Steel Association announced the global crude steel production volume for March 2024.
China Steel Association: In early April, according to key statistics, the daily crude steel production of steel companies declined by 2.11,1800 tons year-on-year
On April 17, according to the China Iron and Steel Association, in early April 2024, key statistics steel companies produced a total of 21.1117,700 tons of crude steel, 19.646 million tons of pig iron, and 197532 million tons of steel.
Kangli International Holdings (06890) announced annual results, profit attributable to shareholders of 774.46 million yuan, which turned a year-on-year loss into a profit
According to the Zhitong Finance App, Kangli International Holdings (06890) announced the results for the year ended December 31, 2023. The group achieved revenue of 1,928 billion yuan (RMB, same below) during the period, an increase of 29.24%; profit attributable to shareholders was 774.46 million yuan, and losses due to shareholders were 31.253 million yuan during the same period last year, turning a year-on-year loss into a profit; basic profit per share was 0.13 yuan. According to the announcement, the sales volume of rolled hard coils in this year was about 25,900 tons, up about 42.1% from the previous year, and the sales volume of galvanized products for the year ended December 31, 2023 was about 30.4
KANGLI INT HLDG: ANNOUNCEMENT OF RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
China Steel Association: In early March, key statistics showed that steel companies' crude steel production of 2,058,000 tons per day fell 3.38% month-on-month
According to the China Steel Association, in early March 2024, according to key statistics, steel companies produced a total of 205.77,800 tons of crude steel, 18.4.376 million tons of pig iron, and 19.2762 million tons of steel.
KANGLI INT HLDG: DATE OF BOARD MEETING
Some KangLi International Holdings Limited (HKG:6890) Shareholders Look For Exit As Shares Take 27% Pounding
KangLi International Holdings Limited (HKG:6890) shareholders that were waiting for something to happen have been dealt a blow with a 27% share price drop in the last month. Instead of being reward
China Steel Association: In late February, key statistics showed that steel companies' crude steel production of 2.13 million tons per day increased 1.38% month-on-month
The China Iron and Steel Association issued a document stating that in late February 2024, key statistics on steel companies produced a total of 19.1696 million tons of crude steel, 16.9.09 million tons of pig iron, and 18.5848 million tons of steel.
KangLi International Expects Swing to Profit in 2023
KangLi International Holdings (HKG:6890) expects a net profit of at least 60 million yuan for the year ended Dec. 31, 2023, as compared to a net loss of around 31.3 million yuan in 2022. The steel pro
Kangli International Holdings (06890.HK) expects net profit for the year to be no less than 60 million yuan, with a loss of 31.253 million yuan for the same period last year
On March 1, GLONGHUI | Kangli International Holdings (06890.HK) announced that the Group expects to record a net profit of not less than RMB 60 million for the year ended December 31, 2023, while a net loss of approximately RMB 31.253 million was recorded for the year ended December 31, 2022. According to the Board of Directors, the above changes were mainly due to (1) an increase in sales during the reporting year; (2) an increase in product gross margin due to a decrease in overall production costs due to increased capacity utilization; and (3) the decline in the average sales price of products was less than the average price of raw materials.
KANGLI INT HLDG: POSITIVE PROFIT ALERT
World Steel Association: In January 2024, global crude steel production was 148.1 million tons, down 1.6% year on year
According to the data, in January 2024, the world's crude steel production in 71 countries included in the World Steel Association statistics was 148.1 million tons, a year-on-year decrease of 1.6%.
Huafu Securities: Real estate drag is gradually easing, and total steel demand is expected to grow steadily in '24
The Zhitong Finance App learned that Huafu Securities released a research report saying that in 2023, China's crude steel production will be about 1,019 billion tons, which is basically the same as the previous year.
China Steel Association: In late December, key statistics showed that steel companies' crude steel production of 1.661,000 tons per day fell 13.63% month-on-month
According to the China Steel Association, in late December 2023, according to key statistics, steel companies produced a total of 18.327 million tons of crude steel, 17.5392 million tons of pig iron, and 211.483 million tons of steel.
China Steel Association: In November 2023, China's imports of 614,000 tons of steel decreased by 54,000 tons month-on-month
On January 3, the China Iron and Steel Association released the monthly report on the import and export of steel products for November 2023.
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