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Angang Steel Co ( (HK:0347) ) has provided an announcement.
Angang Steel Company Limited reported significant improvements in its first-quarter performance for 2025, despite challenges in the steel market. The company achieved a year-on-year reduction in losses by RMB1.091 billion and improved its sales profit margin through strategic product mix adjustments and cost reduction measures. Notable achievements include a reduction of RMB102 per ton in steel costs and a decrease in energy and pig iron costs, enhancing overall operational efficiency and competitiveness.
More about Angang Steel Co
Angang Steel Company Limited operates within the steel industry, focusing on high-end, intelligent, and green development. The company aims to optimize product structure and enhance production efficiency to improve market competitiveness.
YTD Price Performance: -16.11%
Average Trading Volume: 150
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.77B
See more data about 0347 stock on TipRanks’ Stock Analysis page.