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Maanshan Iron & Steel Co ( (HK:0323) ) has provided an announcement.
Maanshan Iron & Steel Company Limited has announced an estimated net loss of RMB 4,597 million for the year 2024, marking a significant increase in loss compared to the previous year. The company attributes this to an imbalance between market supply and demand, low steel prices, high raw material costs, and non-recurring losses, despite efforts to optimize operations and improve product quality.
More about Maanshan Iron & Steel Co
Maanshan Iron & Steel Company Limited is a joint stock company incorporated in the People’s Republic of China, operating in the iron and steel industry. The company focuses on optimizing its product structure and improving product quality amidst challenges in the market.
YTD Price Performance: 25.00%
Average Trading Volume: 5,483
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.11B
For a thorough assessment of 0323 stock, go to TipRanks’ Stock Analysis page.
