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Steel stocks are rising broadly, Angang Steel (00347) is up 4.03%. Institutions expect this year to be a turning point for the Steel Industry in China.
Jinwu Financial News | Steel stocks generally rose. As of the time of publication, Angang Steel (00347) rose 4.03%, CHINA ORIENTAL (00581) rose 3.36%, HK SH ALLIANCE (01001) rose 2.70%, HUAJIN INTL (02738) rose 2.50%, CHONGQING IRON (01053) rose 2.50%, and MAANSHAN IRON (00323) rose 1.88%. On the news front, CITIC SEC expects that 2025 will be a turning point year for China's Steel Industry. Q1 2025 is expected to become a long-term performance turning point for the Steel Industry. The bank pointed out that supply-side reform is crucial for the industry.
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Hong Kong Shanghai Alliance Holdings' (HKG:1001) Problems Go Beyond Weak Profit
HK SH ALLIANCE (01001.HK) has appointed Huang Guixin as a non-executive Director.
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