According to news on November 10, the steel sector has turned green across the board, with Yongxing Materials falling by more than 5%, steel leader Baosteel Co., Ltd. falling by nearly 3%, CITIC Special Steel falling by more than 3%, and Dazhong Mining falling by nearly 4%.

2024/06/2001:30:33 hotcomm 1787

According to news on November 10, the steel sector has turned green across the board, with Yongxing Materials falling by more than 5%, steel leader Baosteel Co., Ltd. falling by nearly 3%, CITIC Special Steel falling by more than 3%, and Dazhong Mining falling by nearly 4%. - DayDayNews

According to news on November 10, the steel sector has turned green across the board, Yongxing Materials fell by more than 5%, steel leader Baosteel Co., Ltd. fell by nearly 3%, CITIC Special Steel fell by more than 3%, and Dazhong Mining fell by nearly 4%.

AI Finance and Economics found that as China's largest steel company, Baosteel's stock price has been consolidating and falling after hitting a 52-week high on September 13. So far, the stock price has fallen to a low of 6.14 yuan/share. The stock price has been less than two months. It fell by more than 46%, and its market value evaporated by more than 120 billion yuan.

What is interesting is that in the past two months, the market value of Chinese steel company Longer Baotou Steel Co., Ltd. has evaporated by more than 70 billion yuan, and the market value of Longsan CITIC Special Steel has evaporated by more than 50 billion yuan.

public information shows that Baosteel Co., Ltd. is mainly engaged in processing and distribution, chemical industry, information technology, finance and e-commerce related to the main steel industry. The main steel products are divided into three categories: carbon steel, stainless steel and special steel. It is the largest steel conglomerate in my country. (Text | AI Finance and Economics Zhao Hao)

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