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CHONGQING IRON Once Snowballs 60%; Rumor: CISA To Expedite Research to Promote Joint Restructuring
Recommend 24 Positive 37 Negative 16 |
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HK-listed steelmakers snowballed amid speculation today (28th) after rumors that the China Iron and Steel Association (CISA) would accelerate research to promote capacity management and joint restructuring. The Association has already begun to accelerate related research and conduct special investigations. The research proposes a package of related policy recommendations to promote joint restructuring and improve the exit mechanism. CHONGQING IRON (01053.HK) last printed at $1.28, up 47.13%, with trading surging to 190 million shares, involving $233 million. MAANSHAN IRON (00323.HK) last posted at $1.42, up 17.36%. ANGANG STEEL (00347.HK) last reported at $1.69, up 11.18%. CHINA ORIENTAL (00581.HK) last tracked at $1.31, up 7.38%. TIANGONG INT'L (00826.HK) last logged at $1.88, up 5.03%. AAStocks Financial News |
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