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.
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
Da Ming International Widens Loss in 2023
Da Ming International Holdings (HKG:1090) recorded a rise in attributable loss for the year ended Dec. 31, 2023, to 219.1 million yuan from 178.3 million yuan during the year-ago period, a March 28 fi
Daming International (01090) announced its 2023 annual results. Shareholders' losses amounted to RMB 219 million, an increase of 22.9% over the previous year
According to the Zhitong Finance App, Daming International (01090) announced results for the year ended December 31, 2023, with revenue of RMB 50.56 billion (RMB, same below), up 0.9% year on year; loss due to company shareholders of 219 million yuan, up 22.9% year on year; basic loss per share of 0.17 yuan. The increase in earnings during the period was mainly due to an increase in metal material processing in 2023.
DA MING INT'L: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 AND PROPOSED AMENDMENTS TO ARTICLES OF ASSOCIATION AND ADOPTION OF THE AMENDED AND RESTATED ARTICLES OF ASSOCIATION
“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.
Daming International (01090.HK) plans to hold a board meeting on March 28 to approve annual results
Gelonghui, March 11 | Daming International (01090.HK) announced that the company will hold a board meeting on March 28, 2024 (Thursday). The board of directors will pass a bill at the meeting, which includes approving the annual results announcement of the company and its subsidiaries for the year ended December 31, 2023, and considering payment of a final dividend (if any).
大明國際:董事會會議召開日期
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.
Daming International (01090): Public shareholding is about 20.71%
According to Zhitong Financial App, Daming International (01090) announced that on the date of this announcement, the company's public shareholding volume was about 20.71%. This percentage is lower than the minimum required percentage stipulated in section 8.08 of the listing rules.
Weak demand for starting construction in the steel market, pressure from the industrial chain is transmitted upstream to coal coke|Industry News
Financial Services Association, Feb. 28 (Reporter Zhang Liangde) After the Mid-Autumn Festival, demand for terminals recovered, but industry sentiment was still weaker than in previous years. Steel companies continued to drop to deliver “chill” to the middle and upstream raw materials. Coke prices rose and fell in four rounds, and market sentiment was sensitive under the influence of conflicting expectations of production cuts and slowing demand, and prices fluctuated sharply in the short term.
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