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Trades about 36% below its sector, cheaper than its peers on earnings.
Sinosteel New Materials Co., Ltd. specializes in the production and global distribution of advanced ferrite magnetic components and magnetic separation as well as crushing equipment. The company serves both domestic Chinese markets and international clients. Their product portfolio includes a variety of magnetic materials such as ferrite magnets, which are vital for applications in automotive engines, household appliances, and DC permanent magnet motors. They also offer robust neodymium magnets, encompassing sintered NdFeB magnets and multi-pole ring magnets, alongside manganous-manganic oxide. Furthermore, Sinosteel New Materials provides a comprehensive selection of machinery for material processing. This range features permanent wet drum magnetic separators, drum permanent magnetic separators, multi-pole rising magnetic separators, dry permanent magnetic separators, high-intensity roll-type permanent magnetic separators, and permanent magnetic dehydration tanks. The company, headquartered in Ma'anshan, China, was founded in 2002 and was previously known as Sinosteel Anhui Tianyuan Technology Co.,Ltd.
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