Angang Steel Co Reports Strong Market Expansion and Cost Reduction in Q3 2025
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Angang Steel Co (HK:0347) reported strong market expansion and cost reduction in its Q3 2025 report. The company exceeded premium product sales targets, launched new products, and achieved significant growth in new energy vehicle silicon steel and automotive steel sales. Internationally, it exported 60-meter-long rails and improved customer service. Cost reduction measures led to a 9.18% decrease in logistics costs and a RMB90 reduction in steel production costs. The latest analyst rating for HK:0347 is a Hold with a price target of HK$2.00.
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