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Hua Chuang Securities: The characteristics of the seasonal off-season are evident, and there is still support for the bottom of steel prices.
Due to the high temperatures and heavy rainfall in the south, demand has continued to weaken after entering the off-season in June. In the short term, after entering June, the decline in demand occurred before the reduction in steel mill production, resulting in weak fluctuations in steel prices.
A-shares movement | Steel stocks decline, Bengang Steel Plates fell more than 8%, the US announced an increase in steel and aluminum tariffs to 50%.
Gelonghui, June 3 | A-share steel stocks fluctuated and declined, among which, Bengang Steel Plates fell over 8%, Maanshan Iron & Steel dropped nearly 4%, Xinyu Iron & Steel decreased over 3%, Beijing Shougang, Hunan Valin Steel, Xinjiang Ba Yi Iron & Steel, Nanjing Iron & Steel, and Inner Mongolia BaoTou Steel Union fell over 2%. In news, U.S. President Trump announced that starting ****e import tariffs on steel and Aluminum will be raised from 25% to 50%. This action has sparked widespread opposition. In recent months, global steel prices have been declining, making it easier for steel buyers to pay the current import tariffs while still purchasing steel at prices lower than domestic rates. Qiu Yuancheng, Director of Black Futures Research at Everbright Futures, pointed out.
Xinyu Iron & Steel (600782.SH): The first phase of the restricted stock incentive plan has been approved.
On May 26, Gelonghui reported that Xinyu Iron & Steel (600782.SH) announced that it recently received a reply from the State-owned Assets Supervision and Administration Commission of the State Council regarding the implementation of the restricted stock incentive plan for Xinyu Iron & Steel Co., Ltd., forwarded by China Baowu Steel Group Co., Ltd. (referred to as 'Baowu Group') (Document No. 国资考分[2025]160). The State-owned Assets Commission, in principle, agreed to the company's implementation of the first phase of the restricted stock incentive plan.
Express News | The Steel Sector rebounded after fluctuations, with Baoshan Iron & Steel and several other stocks rising over 5%.
New Steel Co., Ltd. 2025 First Quarter Report
Announcement of the operating data of New Steel Co., Ltd. for the first quarter of 2025