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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.
Ally Good Group Limited sold 5 million common shares of Daming International (01090.HK) worth approximately HK$6.6 million
On May 3, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on May 3, Ally Good Group Limited sold $5 million of $Daming International (01090.HK) common shares worth about HK$6.6 million on May 2 at an average price of HK$1.32 per share. After the sale, Ally Good Group Limited's latest shareholding was 788 million shares, and the good position ratio dropped from 62.25% to 61.86%. This transaction involves other related parties: Xu Xia and Zhou Keming. Image source: Stock Exchange Equity Disclosure (the incident
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.
大明國際:2023 年報
The public shareholding volume of Daming International (01090.HK) is about 20.708%
Gelonghui, April 26 | Daming International (01090.HK) announced that as of the company's directors' knowledge, knowledge and belief, the company's public shareholding volume was approximately 20.708% on the date of publication. This percentage is lower than the minimum required percentage (“minimum required percentage”) as stipulated in section 8.08 of the listing rules. According to Lianhao's notice, it will continue to sell some of its existing shares to other interested independent third parties to restore the company's public shareholding.
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.
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