Fushun Special Steel Hits Day Low of CNY 6.40 Amid Price Pressure

Fushun Special Steel Co., a large-cap player in the ferrous metals industry, experienced a notable decline today, with its stock price dropping by 3.24% on March 16, 2026. The stock reached an intraday low of CNY 6.40, reflecting ongoing challenges within the company. Over the past week, Fushun Special Steel has seen a significant decrease of 8.99%, contrasting with the China Shanghai Composite's modest decline of 0.29%. In the longer term, the company's performance has been mixed; while it has gained 4.28% over the past month, its year-to-date performance stands at 12.67%. However, the stock has faced considerable headwinds, with a staggering 53.92% drop over the past three years. Financial metrics indicate a high debt-to-equity ratio of 0.62, and the company has reported negative operating cash flow, with net sales declining by 10.56% over the last nine months. Additionally, Fushun Special Steel has struggled with profitability, as evidenced by a return on equity of -13.20%. These factors contribute to a challenging market position for the company in the current economic landscape.