Maanshan Iron & Steel Company Limited (OTCMKTS:MAANF – Get Free Report) shares were down 16.7% on Monday . The company traded as low as $0.2498 and last traded at $0.2498. Approximately 10,000 shares traded hands during trading, an increase of 837% from the average daily volume of 1,067 shares. The stock had previously closed at $0.30.
Maanshan Iron & Steel Trading Down 16.7%
The stock’s fifty day simple moving average is $0.33 and its two-hundred day simple moving average is $0.32.
About Maanshan Iron & Steel
Maanshan Iron & Steel Company Limited (OTCMKTS: MAANF), commonly known as Masteel, is a leading steel producer headquartered in Maanshan, Anhui Province, China. As a state-owned enterprise and a subsidiary of China Baowu Steel Group, the company focuses on integrated iron and steel operations, spanning from raw material procurement to finished steel products. Maanshan Iron & Steel serves a broad customer base across construction, automotive, machinery, and energy industries.
The company’s core business activities encompass ironmaking, steelmaking, and rolling, supported by in-house coke ovens and sinter plants.
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