{
Beijing Shougang Co., Ltd.

Companies

}

Chinese steelmaker stocks soar on reform proposals from industry association

Shares of major Chinese steelmakers surged following a commitment from the China Iron & Steel Association to propose reforms aimed at addressing declining demand and profitability in the sector. Angang Steel Co. saw a rise of up to 17%, Maanshan Iron & Steel Co. climbed 24%, and Beijing Shougang Co. advanced nearly 9%. The announcement has sparked speculation about potential consolidation that could favor large state-owned producers.
Bloomberg.com
Chinese Yuan Angang Steel Company Limited Beijing Shougang Co., Ltd. Maanshan Iron & Steel Company Limited CHN Show more
Finance & Economy, Market Report
06:31 28.10.2024
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