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Who is the main player in the csi commodity equity index in the fourth quarter? Wait patiently for the "landing" of the Fed rate cut.
Can gold continue to lead the way? Will crude oil, iron ore, and other big losers be able to turn the tide?
Express News | China Iron and Steel Association: By 2025, the country strives to complete over 80% of the capacity transformation to ultra-low emissions.
irc (01029.HK): Shareholders' attributable loss for the first half of the year is USD 13.2 million.
Glory Times reported on August 29th that IRC (01029.HK) announced that for the six months ended June 30, 2024, revenue decreased to $0.1123 billion (June 30, 2023: $0.1392 billion), mainly due to an 18.6% decrease in sales volume; cash cost per ton increased to $97.4 (June 30, 2023: $77.7), mainly due to high mining costs, temporary export taxes, and high inflation rates in Russia; EBITDA (excluding non-recurring items and forex) was negative $1.7 million (June 30, 2023: positive $28.5 million).
IRC: 2024 INTERIM RESULTSPRODUCTION AND SALES DECLINED DUE TO ORE AND MINING ISSUESNET LOSS OF US$13 MILLION
CITIC Securities: Steel prices fluctuate and seek the bottom, waiting for demand to recover.
Currently, as we approach the end of August, whether the demand will improve in the later period will be the key to whether steel prices will stop falling and rebound, given the significant reduction in production in steel mills.
Steel companies are issuing warnings about a "severe winter"! The market cap of the world's four largest iron ore miners has evaporated by over 100 billion US dollars.
Many steel companies' predictions about the severe industry outlook have made several major international iron ore suppliers, who are upstream industries, begin to have a difficult time in recent days. Since the beginning of this year, the price of this key steelmaking raw material has fallen by more than one-third. The market capitalization of the "four major" global iron ore miners has evaporated by about 100 billion US dollars in total.
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