01029 IRC
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IRC News
Difficulties in the transformation of the steel industry: is “throttling” and “open source” the new way out?
China's steel industry is undergoing unprecedented market and structural changes. This is different from the bottom of a single industry cycle in the past 30 years. The current downturn in the steel industry has the characteristics of multiple cycle fluctuations and resonates, and the logical basis of the industry has changed greatly.
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.
鐵貨：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.
Express News | World Steel Association: Demand (for steel) is expected to rebound 1.7% this year to 17.93 million tons.
Express News | The National Development and Reform Commission, the Ministry of Industry and Information Technology and other departments are conducting research and deployment on the regulation of crude steel production in 2024
Iron Cargo (01029.HK) Announces 2023 Annual Results: Basic Profit Reaches US$9 Million
Gelonghui, March 27 | Iron and Steel (01029.HK) announced its 2023 annual results, with earnings falling 9.2% to US$253 million, mainly due to a decrease in the market price of iron ore with 65% iron content; cash costs of US$78.9 per ton were still similar to last year (2022: US$78.8 million per ton); EBITDA (excluding non-recurrent items and foreign exchange) decreased to US$45.8 million (2022: US$56.1 million); loss attributable to shareholders was US$156.8 million USD (2022:87
Iron & Steel (01029) Announces 2023 Results Loss attributable to shareholders of US$157 million, an increase of 78.4% year-on-year
Iron Cargo (01029) announced its 2023 annual results. Revenue fell 9.2% year on year to US$253 million; base...
IRC: 2023 ANNUAL RESULTS UNDERLYING PROFIT OF US$9 MILLION NET LOSS OF US$157 MILLION AFTER IMPAIRMENT PROVISIONS
Iron goods (01029.HK) expects profit attributable to owners (excluding asset depreciation) of about US$5 million to US$10 million in 2023
Gelonghui, March 20, 丨 Iron and Steel (01029.HK) announcement, according to the preliminary assessment of the Group's unaudited comprehensive management accounts for the year ended 31 December 2023 and the information currently available to the Group's management, the Group expects to record profit attributable to the owners of the company during the period ending 31 million US dollars to 10 million US dollars (for the year ended 31 December 2022: profit attributable to the company owner (excluding asset impairment) of US$15 million). The board of directors believes that compared with the same period last year, the decline in the expected financial performance of the Group during this period is mainly due to a decrease in the market price of iron ore
IRC: PROFIT WARNING
“I can't put down the storeroom”! Demand recovery weakens year-on-year, steel people are anxious “not busy every day” and look forward to supply-side reforms
Financial Services Association, March 16 (Reporter Zhang Liangde) The 2024 crisis has passed, but demand in the steel market has yet to recover.
Express News | China Steel Association held a launch meeting to evaluate new steel production capacity management mechanisms and steel production capacity replacement policies
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.
Iron Cargo (01029.HK) will hold a board meeting on March 20 to approve the annual results
On March 11, Ge Longhui (01029.HK) issued an announcement. The board of directors will meet on March 20, 2024 to consider the annual results of the company and its subsidiaries for the year ended 31 December 2023, and authorize the executive committee of the board of directors to consider, implement and approve the annual results of the company and its subsidiaries for the year ended 31 December 2023.
IRC: DATES OF DIRECTORS'' MEETING 2023 RESULTS ANNOUNCEMENT ON 27 MARCH 2024
Iron & Steel (01029.HK) received an OTC share increase by Nikolai Levitskii by 2,228 million shares of common stock worth approximately HK$263 million
On March 8, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 8, Nikolai Levitskii increased his OTC share holdings of $Iron & Steel (01029.HK) by $2,228 million at an average price of HK$0.118 per share on March 4, worth about HK$263 million. After the increase in holdings, Nikolai Levitskii's latest shareholding was 4.836 billion shares, and the good position ratio increased from 30.61% to 56.76%. Photo Source: Stock Exchange Equity Disclosure What is equity disclosure? According to the requirements of the Hong Kong Stock Exchange, the majority shareholder (holding 5% of the shares or
MIC Invest Limited Liability Company sold 1.42 billion shares of Iron Cargo (01029.HK) common shares worth approximately HK$168 million off the market
On March 8, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 8, MIC Invest Limited Liability Company sold $1.42 billion of ordinary shares worth HK$168 million off the market at an average price of HK$0.118 per share on March 4. After the sale, MIC Invest Limited Liability Company's latest shareholding was 0 shares, and the good position ratio dropped from 16.67% to 0.00%. This transaction involves other related parties:
Iron & Steel Cargo (01029.HK) was granted OTC shares of AXIOMA CAPITAL FZE LLC to increase its common share holdings by 2,228 million, worth approximately HK$263 million
On March 7, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on March 7, AXIOMA CAPITAL FZE LLC increased its OTC share holdings of $2,228 million at an average price of HK$0.118 per share on March 4, to a value of about HK$263 million. After the increase in holdings, AXIOMA CAPITAL FZE LLC's latest shareholding was 4.836 billion shares, and the good position ratio increased from 30.61% to 56.76%. Photo Source: Stock Exchange Equity Disclosure What is equity disclosure? According to the requirements of the Hong Kong Stock Exchange,
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