Chinese steelmakers see fall in stock prices
Steelmakers listed in Shanghai and Shenzhen stock exchanges saw a decline in their stock prices today (May 16, 2005) due to worries on the demand would slow because of the government controls on real estate industry.
The stocks of
China's second largest steel producer
Angang New Steel Co Ltd saw 4.46% decline in prices, to RMB 4.09 ($0.50). Maanshan Iron & Steel Co Ltd fell 2.97% to RMB 2.94.
Bengang Steel Plates Co Ltd's stocks fell 3.95% to RMB 4.13 while Gan Su Jiu Steel Group Hongxing Iron & Steel Co Ltd's stocks decreased 2.67% to RMB 4.77.