01231 NEWTON RES
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NEWTON RES 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.
新礦資源：2023年報
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
New Mining Resources (01231) announced the 2023 results, profit attributable to holders of US$2.373 million, turning a year-on-year loss into profit
New Mineral Resources (01231) announced its 2023 results, with revenue of about US$526 million, an increase of about 1.6 million...
NEWTON RES: ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023 AND PROPOSED AMENDMENTS TO THE ARTICLES
“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.
Newton Resources to Swing to Profit
Newton Resources (HKG:1231) expects a net profit of between $2.2 million and $2.5 million for 2023, versus a net loss of $2.2 million in 2022, according to a filing with the Hong Kong bourse on Monday
New Mining Resources (01231.HK) Profit: Expected net profit of about US$2.2 million to US$2.5 million in 2023
Gelonghui March 11 | New Mining Resources (01231.HK) announced that according to a preliminary review of the Group's unaudited comprehensive management accounts and other available data for the year ended December 31, 2023, the Group is expected to record a net profit of about US$2.2 million to approximately US$2.5 million during the period, while a net loss of approximately US$2.2 million was recorded for the year ended December 31, 2022 (“same period last year”). The Group's financial performance improved significantly. On the one hand, it was mainly based on the Group's projected year-on-year increase in iron ore sales during the period, which increased the Group's expected revenue by about 325 million US dollars. Another
NEWTON RES: POSITIVE PROFIT ALERT
New Mineral Resources (01231.HK) plans to hold a board meeting on March 21 to approve the annual results
Gelonghui, March 8, 丨 New Mining Resources (01231.HK) announced that the company will hold a board meeting on March 21, 2024 (Thursday) to approve (among other things) the annual results announcements of the company and its subsidiaries for the year ended 31 December 2023 and consider paying a final dividend (if any).
NEWTON RES: Date of Board Meeting
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.
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.
World Steel Association: In January 2024, global crude steel production was 148.1 million tons, down 1.6% year on year
According to the data, in January 2024, the world's crude steel production in 71 countries included in the World Steel Association statistics was 148.1 million tons, a year-on-year decrease of 1.6%.
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