Angang Steel

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Angang Steel (0347) Price Performance

Angang Steel (0347) trades on Hong Kong Stock Exchange in HKD. The company is classified in the Basic Materials sector under the Steel industry. The stock currently trades at HKD1.52.

Over the past year, 0347 has traded between a low of HKD1.45 and a high of HKD2.46. The stock has gained 2.0% over this period. It is currently 38.2% below its 52-week high.

Angang Steel has a market capitalization of $20.68B, with a price-to-earnings ratio of 292.11.

About Angang Steel

Angang Steel Company Limited engages in the production, processing, and sale of steel products in the People's Republic of China and internationally. Its principal products include hot rolled sheets, medium and high sheets, cold rolled sheets, galvanized steel sheets, color coating sheets, cold rolled silicon steel, heavy rails and profiles, seamless steel pipes, and wire rods. The company also engages in ferrous metal smelting and steel rolling processing activities. In addition, it sells metal materials and products, and building materials, etc.; and purchases and sells metal and other materials, as well as imports, exports, wholesales, and retails steel and goods. Further, the company engages in the production of metal wire ropes, coal chemical, coking and chemical products, and products and dissolved acetylene; and sale of compressed and liquefied gas. Additionally, it engages in e-commerce transactions of industrial products; provision of consulting and logistics distribution technology services; sales of equipment for gas and liquid separation and purification; supply chain financial services; processing and sale of steel and steel coils; and steel trade activities. Its products are used in various industries, such as machinery, metallurgy, petroleum, chemical, coal, electricity, railway, ship, automobile, construction, home appliances, and aviation industries. The company was formerly known as Angang New Steel Company Limited and changed its name to Angang Steel Company Limited in June 2006. Angang Steel Company Limited was founded in 1997 and is headquartered in Anshan, China. Angang Steel Company Limited is a subsidiary of Anshan Iron & Steel Co. Ltd.