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Angang Steel Co ( (HK:0347) ) has shared an announcement.
In its third quarterly report for 2025, Angang Steel Co highlighted significant progress in market expansion and cost reduction. The company exceeded its target for premium product sales and introduced new products like hot-rolled battery shell steel. It also achieved substantial growth in the sales of new energy vehicle silicon steel and automotive steel. Internationally, the company successfully exported 60-meter-long rails and improved its customer service standards. On the cost reduction front, Angang Steel implemented measures that led to a reduction in logistics costs by 9.18% and a decrease in steel production costs by RMB90 per tonne compared to the previous year.
The most recent analyst rating on (HK:0347) stock is a Hold with a HK$2.00 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 Co is a prominent player in the steel industry, focusing on the production of high-strength container steel, automotive steel, and silicon steel for new energy vehicles. The company is committed to expanding its market presence both domestically and internationally, with a strong emphasis on high-end product development.
Average Trading Volume: 12,573,582
Technical Sentiment Signal: Buy
Current Market Cap: HK$26.45B
See more insights into 0347 stock on TipRanks’ Stock Analysis page.