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.
邁科管業:二零二三年年報
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
Maike Management (01553) will pay a final dividend of HK$0.12 per share on July 8
Maike Management (01553) announced that it will be distributed on July 8, 2024 until December 31, 2023...
MAIKE TUBE To Go Ex-Dividend On June 12th, 2024 With 0.12 HKD Dividend Per Share
March 23rd - $MAIKE TUBE(01553.HK)$ is trading ex-dividend on June 12th, 2024. Shareholders of record on June 13th, 2024 will receive 0.12 HKD dividend per share on July 8th, 2024. The ex-dividend
Maike Management (01553) will pay a final dividend of HK$0.12 per share on July 8
Maike Management (01553) announced that it will be distributed on July 8, 2024 until December 31, 2022...
Maike Management (01553.HK): Net profit of 154 million yuan increased 10.1% year-on-year in 2023
On March 22, GLONGHUI (01553.HK) announced that for the year ended December 31, 2023, the Group's total revenue was approximately RMB 2,1909 million, an increase of 4.0% over the previous year. The increase in revenue was mainly due to increased sales of spiral submerged arc welded steel pipes. The company's owners should account for approximately RMB 154 million in profit during the year, an increase of 10.1% over the previous year, with a basic profit of RMB 0.35 per share. The Board of Directors has recommended the payment of a final dividend of HK12 cents per issued common share in cash.
MAIKE TUBE: ANNOUNCEMENT OF RESULT FORTHE YEAR ENDED 31 DECEMBER 2023
“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.
Maike Management (01553.HK) will hold a board meeting on March 22 to approve the annual results
On March 11, GLONGHUI (01553.HK) issued an announcement. The board of directors will hold a board meeting on March 22, 2024 to consider and approve the Group's annual results for the year ended December 31, 2023; consider recommending the declaration of a final dividend (if any).
MAIKE TUBE: NOTICE 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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