Hyundai Steel, Stock Price Down 2.26% at This Hour... 631,537 Shares Sold Net by Institutions in Last 5 Days

As of 9:30 AM on the 17th, Hyundai Steel is trading at 21,600 KRW, down 2.26% from the previous day. The trading volume is 164,179 shares, which is about 17.93% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.

On June 17, Park Seongbong, a researcher at Hana Financial Investment, stated, "Major Chinese steelmakers announced price increases for shipments in June and July, and considering China's large-scale infrastructure investments and the recovery outlook for real estate demand, further increases in Chinese steel prices are expected. This is likely to have a positive effect on Hyundai Steel's product ASP, and the deficit of SSCs is expected to shrink compared to the first quarter. From the third quarter, a recovery in sales volume is expected to enable a turnaround to operating profit. However, for a full-scale profitability improvement, price increases for key products including automotive steel sheets are necessary." He set Hyundai Steel's target price at 31,000 KRW.

Over the past five days, individual investors have net purchased 462,066 shares of Hyundai Steel, while foreigners and institutions have net purchased 308,942 shares and net sold 631,537 shares, respectively.

※Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automated article generation algorithm jointly developed by Asia Economy and the financial AI specialist company Thinkpool.

This content was produced with the assistance of AI translation services.