Hyundai Steel, Stock Price +1.68% at This Hour... Institutional Investors Net Buy 936,313 Shares in Last 5 Days

As of 12:31 PM on the 16th, Hyundai Steel is trading at 30,200 KRW, up 1.68% from the previous day. The trading volume is 3,890,439 shares, which is 86.38% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.

On October 13, Minjin Bang, a researcher at Eugene Investment & Securities, stated, "The company's hydrogen-related businesses are steadily awaiting market growth. The company has an annual production capacity of 17,000 units for metal bipolar plates, a key component of fuel cells, and plans to expand to over 30,000 units in 2022. When hydrogen vehicle production exceeds 200,000 units, annual sales of around 400 billion KRW are expected. The hydrogen production capacity using by-product hydrogen from the steel mill (currently 3,500 tons per year) is also expected to be expanded. If expanded to 10 times the current capacity, annual sales exceeding 100 billion KRW are also possible." He set Hyundai Steel's target price at 31,000 KRW.

Over the past five days, individual investors have net sold 789,691 shares of Hyundai Steel, while foreign investors and institutions have net sold 192,431 shares and net bought 936,313 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.