|Bid||6.24 x 0|
|Ask||6.25 x 0|
|Day's Range||6.18 - 6.31|
|52 Week Range||4.78 - 7.30|
|Beta (5Y Monthly)||0.68|
|PE Ratio (TTM)||15.60|
|Earnings Date||Oct 24, 2023 - Oct 30, 2023|
|Forward Dividend & Yield||0.28 (4.47%)|
|Ex-Dividend Date||Jun 14, 2023|
|1y Target Est||7.48|
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Several Chinese steel mills have received instructions to cap this year's output at the same level as 2022, five people familiar with the matter and analyst reports said on Tuesday, potentially curbing iron ore demand in the world's top steel market. Three mills owned by the world's biggest steelmaker, state-owned China Baowu Steel Group, were given verbal instructions that output should not exceed that of 2022, said four of the sources, with two adding the orders were delivered yesterday. China has mandated zero output growth in its steel sector for the last two years as it seeks to limit carbon emissions by one of its most polluting industries.
This in-depth article will shed light on the top steel companies in the world and the countries they are headquartered in. We’ll also discuss which sector consumes the most steel and what are the projections for the metal’s usage in the future. If you want to skip the details, read Top 8 Steel Companies In World. […]
Profits at China's industrial firms slumped in the first four months of 2023, official data showed on Saturday, as companies continued to struggle with margin pressures and soft demand amid a faltering economic recovery. Profits fell 20.6% in January-April from a year earlier, compared with a 21.4% decline in the first three months, according to data from the National Bureau of Statistics (NBS). In April alone, industrial firms posted a 18.2% drop in profit year-on-year, according to the NBS, which only occasionally gives monthly figures.