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Angang Steel Co ( (HK:0347) ) has issued an update.
Angang Steel Company Limited announced a significant reduction in its net loss for the first half of 2025 compared to the same period in 2024. Despite ongoing challenges in the steel market, including declining steel and raw material prices, the company improved its operational efficiency and market competitiveness through strategic cost reduction and product mix adjustments.
The most recent analyst rating on (HK:0347) stock is a Buy with a HK$2.40 price target. To see the full list of analyst forecasts on Angang Steel Co stock, see the HK:0347 Stock Forecast page.
More about Angang Steel Co
Angang Steel Company Limited is a prominent player in the steel industry, focusing on the production and sale of steel products. The company is committed to enhancing its market competitiveness through cost reduction, efficiency enhancement, and strategic market expansion.
Average Trading Volume: 17,758,215
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.23B
Learn more about 0347 stock on TipRanks’ Stock Analysis page.