On the morning of the 23rd, steel-related stocks are plunging across the board in the domestic stock market. Of the 37 steel-related stocks, 35 declined, 2 were unchanged, and none rose. Dongkuk Industries (005160) posted the largest drop at 8.59%, followed by KBI Dongyang Steel Pipe (5.95%), TCC Steel (5.47%), and Nexsteel (5.25%). Amid selling pressure, some stocks are trading near their intraday lows.

■ Dongkuk Industries Records Biggest Drop Among Steel Stocks at 8.59%

Dongkuk Industries is trading at 3,670 won, down 345 won (8.59%) from the previous trading day. It opened at 3,985 won, which was also the intraday high, before sliding to 3,645 won. Trading volume was 530,049 shares. Compared with the previous close of 4,015 won, the share price has fallen to the mid-3,000 won range, with the current price 25 won above the intraday low.

■ KBI Dongyang Steel Pipe Posts Highest Trading Volume... Down 5.95%

KBI Dongyang Steel Pipe is trading at 1,359 won, down 86 won (5.95%) from the previous day. It opened at 1,401 won and rose to as high as 1,446 won intraday before falling to 1,356 won. Its trading volume of 2,361,248 shares was the highest among steel stocks. The gap between the intraday high and low is 90 won, and the current price is 3 won above the low.

■ TCC Steel and Nexsteel Fall Around 5%

TCC Steel is at 11,060 won, down 640 won (5.47%) from the previous day. It opened at 11,820 won and fell to 11,020 won, with a trading volume of 242,158 shares. Nexsteel is trading at 11,190 won, down 620 won (5.25%), with an opening price of 11,590 won, an intraday high of 11,730 won, a low of 11,140 won, and a volume of 99,415 shares.

■ Shinsteel, Histeel and Others Fall Around 4%

Shinsteel is at 1,891 won, down 95 won (4.78%), with an intraday high of 1,950 won, a low of 1,871 won, and a volume of 162,285 shares. Histeel is at 3,090 won, down 140 won (4.33%), with its current price equal to the intraday low of 3,090 won and a volume of 115,748 shares. Kumkang Steel is at 5,670 won, down 250 won (4.22%) (intraday high 5,880 won, low 5,600 won, volume 63,331 shares), and Hyundai BNG Steel is at 10,720 won, down 450 won (4.03%) (opening price 10,850 won, intraday low 10,600 won, volume 12,984 shares).

■ Stocks Falling Less Than 4%

UST is at 1,474 won, down 58 won (3.79%); Husteel is trading at 3,495 won, down 130 won (3.59%) (intraday high 3,580 won, low 3,490 won, volume 118,686 shares); and Dongil Steel is at 1,217 won, down 42 won (3.34%). SK Ocean Plant is at 9,860 won, down 330 won (3.24%), and Comerem is at 20,450 won, down 650 won (3.08%). Youngheung (2.77%, 2,105 won), Keystone (2.69%, 3,975 won), Kumkang Industrial (2.61%, 4,110 won), Korea Special Steel (2.51%, 2,140 won), MH Materials (2.43%, 3,820 won), Finebesteel (2.41%, 892 won), Daedong Steel (2.38%, 2,460 won), Kyungnam Steel (2.12%, 1,849 won), and DSR Steel (2.07%, down 110 won to 5,210 won) are also weak. Pukook Steel (1.77%, 1,946 won), Hanil Steel (1.74%, 2,825 won), Wonil Special Steel (1.70%, 6,950 won), Dongil Industries (1.68%, 35,100 won), and Dongil Steelux (1.68%, 1,406 won) also declined.

■ Even Small Decliners Remain Weak... Ajusteel and Jesco Holdings Unchanged

Moonbae Steel (1.35%, 1,971 won), Korea Cast Iron Pipe (1.09%, 6,340 won), NI Steel (0.82%, 3,030 won), Daeho Special Steel (0.64%, 934 won), Yulchon (0.30%, 997 won), Daechang Steel (0.15%, 1,986 won), Samhyun Steel (0.11%, 4,535 won), and Dongyang Estech (0.08%, 1,180 won) also remained in decline. Meanwhile, Ajusteel is trading unchanged at 2,145 won. It opened at 2,175 won and fell to 2,130 won intraday but held at the previous close, with a trading volume of 11,792 shares. Jesco Holdings is also flat at 521 won, and with trading volume recorded at zero shares, no price movement from actual trades has been confirmed.

■ Stocks Trading Near Intraday Lows Draw Attention

Dongkuk Industries, KBI Dongyang Steel Pipe, and Histeel are trading at prices close to their intraday lows. Dongkuk Industries is trading 25 won above its intraday low, KBI Dongyang Steel Pipe is 3 won above its low, and Histeel is trading at its intraday low.

[This article is provided for investment reference purposes only and does not recommend buying or selling any specific stock. Conditions may vary depending on market circumstances. Investment decisions and any resulting responsibility rest with the investor. AI provided partial assistance.]