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<On Move>H-shr Steel Mills Swell after Midday Echoing A-shrs; CHONGQING IRON Rockets ~90%; ANGANG STEEL, CHINA ORIENTAL Up 10%+
Recommend 22 Positive 46 Negative 24 |
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Regarding the hearsay of "Tangshan Sintering Machines Axing Production by 30%", about half of the steel mills in China said they received related notifications, and many of them confirmed the matter, Chinese news broke. SHOUGANG (000959.SZ) and LIU STEEL (601003.SH) both hit the daily limit at close today (2nd). H-share steel mills collectively surged in the afternoon, echoing their A-shares today (2nd). CHONGQING IRON (01053.HK) last posted at HKD1.7, up 88.89%, with trading volume surging to 1.237 billion shares, involving HKD2.112 billion. ANGANG STEEL (00347.HK) last stood at HKD1.86, up 12.73%, with a trading volume of 326 million shares, involving HKD677 million. CHINA ORIENTAL (00581.HK) last printed at HKD1.49, up 13.74%, with a trading volume of 478 million shares, involving HKD751 million. MAANSHAN IRON (00323.HK) last traded at HKD2.02, up 3.59%, with a trading volume of 233 million shares, involving HKD507 million. AASTOCKS Financial News Website: www.aastocks.com |
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