Maanshan Iron & Steel Co (HK:0323) has released an update.
Maanshan Iron & Steel Co. is proactively engaging in a ‘Quality Improvement, Efficiency Enhancement and Return Maximization’ initiative, as part of its commitment to the directives from China’s 20th National Congress and the Central Financial Work Conference. The company aims to focus on its main steel business, enhance its operating efficiency and profitability, and improve shareholder value. Key strategies for 2024 include optimizing product structure for differentiated competition, capitalizing on the global rail transportation market, and transitioning from constructional to industrial steels within the Yangtze River Delta region.
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