Hyundai Steel, 890,051 Shares Sold Net by Individuals Over Last 5 Days... Stock Price at 41,600 KRW (-4.81%)

As of 2:31 PM on the 10th, Hyundai Steel is trading at 41,600 KRW, down 4.81% from the previous day. The trading volume is 1,225,101 shares, which is about 46.41% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.

On March 8, Minjin Bang, a researcher at Eugene Investment & Securities, stated, "The ongoing price negotiations for automotive steel sheets and shipbuilding heavy plates are also considered favorable. We expect a minimum price increase of 50,000 KRW, and the full application of the price hike is expected to take place in the second quarter. We believe margin spread defense will be possible in the second quarter as well. However, due to delays in price increases toward actual demand, the accumulated cost increases since 2019 are significant. To anticipate upside potential from the current stock price, it is necessary to observe the extent of price increases toward actual demand." He set Hyundai Steel's target price at 40,000 KRW.

Over the past five days, individual investors have net sold 890,051 shares of Hyundai Steel, while foreigners and institutions have net bought 376,843 shares and 587,925 shares, respectively.

※ Source: AI Investment Assistant AI Rassiro

※ This article was generated in real-time by an automatic 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.