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.
奧威控股: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
Aowei Holdings (01370.HK)'s annual revenue of about 667 million yuan decreased by about 28.8% year-on-year
GLONGHUI March 26 | Aowei Holdings (01370.HK) announced that for the year ended December 31, 2023, the company's revenue was approximately RMB 667.4 million, a decrease of approximately RMB 270.4 million or 28.8% compared with the same period last year. The loss attributable to the company's equity holders was approximately RMB 549.1 million, while the profit attributable to the company's equity holders was approximately RMB 60.8 million in the same period last year. Gross profit during the reporting period was approximately RMB 99.2 million, a decrease of approximately RMB 64.5 million or 39.4% compared with the same period last year.
AOWEI HOLDING: RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
Aowei to Swing to Loss to 2023
Aowei Holding (HKG:1370) expects an attributable loss of up to around 600 million yuan for the year 2023, as compared to a profit of 60.8 million yuan in 2022, a March 15 filing by the Hong Kong bours
“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.
Aowei Holdings (01370.HK) Profit Warning: Equity holders are expected to account for no more than 600 million yuan in losses in 2023
On March 15, GLONGHUI Holdings (01370.HK) announced that for the year ended December 31, 2023 (“reporting period”), the reporting period is expected to record losses attributable to the company's equity holders of not more than RMB 600 million (same period in 2022: recorded profit of RMB 60.8 million). According to the announcement, the Group's losses during the reporting period were mainly due to (1) continuous heavy rain disasters in the area belonging to the company's mine at the end of July 2023, environmental production restrictions in the Hebei region in the fourth quarter, and Laiyuan County Jiheng Mining Co., Ltd. (“Jiheng Mining”), a subsidiary of the group
奧威控股:內幕消息 盈利警告
Express News | China Steel Association held a launch meeting to evaluate new steel production capacity management mechanisms and steel production capacity replacement policies
Aowei Holdings (01370.HK) will hold a board meeting on March 26 to approve the annual results
Glonghui, March 14, 丨 Aowei Holdings (01370.HK) announced that the company will hold a board meeting on March 26, 2024 to review and approve the annual results and publication of the company and its subsidiaries for the year ended December 31, 2023, and to consider the payment of a final dividend (if any).
AOWEI HOLDING: DATE OF BOARD MEETING
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.
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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