Gansu Jiu Steel Hits Day High with 9.9% Surge Amid Market Decline

Gansu Jiu Steel Group Hongxing Iron & Steel Co., Ltd. has experienced a significant surge in its stock price, gaining 9.9% on March 13, 2026. The stock reached an intraday high of CNY 2.22, marking a notable performance in the ferrous metals industry. Over the past week, Gansu Jiu Steel has shown a robust increase of 17.46%, while its one-month performance stands at 26.14%. In the context of the broader market, the China Shanghai Composite has seen a decline of 0.7% over the week and a slight increase of 0.33% over the month. Year-to-date, Gansu Jiu Steel has delivered a strong performance with a gain of 34.55%, significantly outperforming the China Shanghai Composite, which has only increased by 3.19%. Over the past year, the stock has risen by 45.1%, compared to the composite's 21.93%. Despite these positive short-term trends, the company faces challenges, including a high debt-to-equity ratio and declining sales and operating profits over the past five years. The market capitalization of Gansu Jiu Steel stands at CNY 11,024 million, categorizing it as a large-cap company in the industry.