Hyundai Steel, Stock Price -0.53% at This Time... Institutional Investors Net Buy 438,347 Shares in Last 5 Days

As of 2:30 PM on the 14th, Hyundai Steel is trading at 28,050 KRW, down 0.53% from the previous day. The trading volume is 2,160,770 shares, which is 53.97% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.

On October 13, Baek Jae-seung, a researcher at Samsung Securities, stated, "The recovery in plate product performance was offset by the narrowing spread in long products and the off-season effect. A full-scale performance recovery is expected to begin from Q4 2020. In the short term, a recovery in automotive steel sheet volume and sustained strong electric furnace spreads are expected to drive performance recovery, providing trading opportunities. Going forward, resolving uncertainties regarding automotive steel sheet price increases in line with industry recovery and clarifying the company's role amid changes in the Hyundai Motor Group will be increasingly required." He set the target price for Hyundai Steel at 33,000 KRW.

Over the past five days, individual investors have net sold 151,136 shares of Hyundai Steel, while foreigners and institutions have net sold 216,218 shares and net bought 438,347 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.