Hyundai Steel, 893,121 Shares Net Sold by Individuals Over Last 5 Days... Stock Price 47,450 KRW (+6.75%)

As of 9:30 AM on the 8th, Hyundai Steel is trading at 47,450 KRW, up 6.75% from the previous day. The trading volume is 874,050 shares, which is about 34.05% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.

On January 6, analyst Hyunsoo Lee of Yuanta Securities stated, "The input cost of raw materials for Hyundai Steel’s plate products, which will be reflected from 1Q21, is expected to rise sharply. Accordingly, 1Q21 is likely to be the period with the largest price fluctuation factor for cold-rolled steel sheets in the past four years. The first half of 2021 is considered the best timing to raise cold-rolled steel sheet prices. The price increase will not only improve earnings but also alleviate concerns about the captive market, which has been a valuation discount factor." He set Hyundai Steel’s target price at 53,000 KRW.

Over the past five days, individual investors have net sold 893,121 shares of Hyundai Steel, while foreign investors and institutions have net bought 71,108 shares and 547,566 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

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

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