Hyundai Steel, Institutional Investors Net Sell 181,507 Shares Over Last 5 Days... Stock Price 45,950 KRW (-0.11%)

As of 11:32 AM on the 21st, Hyundai Steel is trading at 45,950 KRW, down 0.11% from the previous day. The trading volume is 513,220 shares, which is about 33.75% of the previous day's volume. Hyundai Steel is known as an integrated steel mill producing long products and plates.

On January 20th, researcher Byun Jong-man from NH Investment & Securities stated, "Due to the sharp rise in iron ore prices and the increase in international steel prices, the possibility of domestic automotive steel sheet price hikes in the first half of 2021 has greatly increased, and cold-rolled sales volume is also expected to rise. Supported by the global economic recovery, the upward trend in international steel prices continues, and automotive steel sheet prices, which have been frozen without adjustment since the second quarter of 2017, are expected to increase by more than 50,000 KRW per ton in the first half of 2021. The rising trend in long product prices will also contribute to performance improvement." He set Hyundai Steel's target price at 55,000 KRW.

Over the past five days, individual investors have net purchased 157,282 shares of Hyundai Steel, while foreigners and institutions have net purchased 120,550 shares and net sold 181,507 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.