ZKIN may be one of the hottest steel stocks to be watching in 2024 after shares exploded in the triple digits.âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ZKIN may be one of the hottest steel stocks to be watching in 2024 after shares exploded in the triple digits. Greetings Investors, Optimistic catalysts for the steel industry in 2024 indicate that this is the perfect time to get your eyes on steel companies. Interest rates are anticipated to head lower and the ongoing labor dispute between the âBig 3â auto manufacturers and the United Auto Workers union finally ended in November. Furthermore, following a 2.3% rebound in 2023, the [World Steel Association](~/AASl5QA~/RgRngRnOP0SQaHR0cHM6Ly93ZXN0ZmllbGRzdGVlbC5jb20vMjAyMy8wOS93aGF0cy10aGUtc3RlZWwtb3V0bG9vay1mb3ItMjAyNC8_X2t4PV8tSFNwbzJ5OWxEV0plNWZLNngzNmNRcDhMdFEteTVYSTN2aVlsNXV3Y043eXA1X28zN3dOb0lNek5UMGwyRFguVGE5cmhMVwNzcGNCCmWezpSeZUY45HpSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAXhsQ~~) forecasts 1.7% growth in global steel demand in 2024, according to its latest Short Range Outlook (SRO) report. Additionally, the International [Stainless Steel Forum](~/AASl5QA~/RgRngRnOP0SQaHR0cHM6Ly93ZXN0ZmllbGRzdGVlbC5jb20vMjAyMy8wOS93aGF0cy10aGUtc3RlZWwtb3V0bG9vay1mb3ItMjAyNC8_X2t4PV8tSFNwbzJ5OWxEV0plNWZLNngzNmNRcDhMdFEteTVYSTN2aVlsNXV3Y043eXA1X28zN3dOb0lNek5UMGwyRFguVGE5cmhMVwNzcGNCCmWezpSeZUY45HpSG3RyaXN0cmFtYmFsZHdpbjg5QGdtYWlsLmNvbVgEAAXhsQ~~)projects the global consumption of stainless steel will grow by 3.6% in 2024. With that said, ZK International Group Co., Ltd (NASDAQ: ZKIN) should be at the top of your radar! This pioneer in stainless-steel innovation and technology is on a mission to strengthen its position in the stainless steel industry. ZKIN shares have exploded in recent weeks from under 40 cents to a 52-week high of $1.35 in December. Shares climbed over 230%! This pullback could represent an ideal time to pay close attention to the company. With a current âBUYâ rating at [BarChart.com](~/AASl5QA~/RgRngRnOP0SAaHR0cHM6Ly93d3cuYmFyY2hhcnQuY29tL3N0b2Nrcy9xdW90ZXMvWktJTi9vdmVydmlldz9fa3g9Xy1IU3BvMnk5bERXSmU1Zks2eDM2Y1FwOEx0US15NVhJM3ZpWWw1dXdjTjd5cDVfbzM3d05vSU16TlQwbDJEWC5UYTlyaExXA3NwY0IKZZ7OlJ5lRjjkelIbdHJpc3RyYW1iYWxkd2luODlAZ21haWwuY29tWAQABeGx) and a small trading float of [under 20M shares,](~/AASl5QA~/RgRngRnOP0R8aHR0cHM6Ly93d3cubWFya2V0d2F0Y2guY29tL2ludmVzdGluZy9zdG9jay96a2luP19reD1fLUhTcG8yeTlsRFdKZTVmSzZ4MzZjUXA4THRRLXk1WEkzdmlZbDV1d2NON3lwNV9vMzd3Tm9JTXpOVDBsMkRYLlRhOXJoTFcDc3BjQgplns6UnmVGOOR6Uht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAF4bE~) the company may see further positive upside as Wall Street continues to discover this quietly trading NASDAQ company. [(~/AASl5QA~/RgRngRnOP0R2aHR0cHM6Ly96a2ludGVybmF0aW9uYWxncm91cC5jb20vYWJvdXQtdXMvP19reD1fLUhTcG8yeTlsRFdKZTVmSzZ4MzZjUXA4THRRLXk1WEkzdmlZbDV1d2NON3lwNV9vMzd3Tm9JTXpOVDBsMkRYLlRhOXJoTFcDc3BjQgplns6UnmVGOOR6Uht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAF4bE~) What does the Company do? ZKINâs core business is to engineer and manufacture patented high-performance stainless steel and carbon steel pipe products that effectively deliver high-quality, highly sustainable, and environmentally sound drinkable water to the Chinese, Asia and European markets. The company owns 46 patents, 46 trademarks, 5 Software Copyrights, 2 National Innovation Fund Awards, and 41 National and Industry Standard Awards ZKINâs products include double-press thin-walled stainless steel tubes and fittings, carbon steel tubes and fittings and single-press tubes and fittings. The company is Quality Management System Certified (ISO9001), Environmental Management System Certified (ISO1401), and a National Industrial Stainless Steel Production Licensee. ZKIN has supplied stainless steel pipelines for over 2,000 projects, which include the Beijing National Airport, the "Water Cube" and "Bird's Nest", which were venues for the 2008 Beijing Olympics. ZK International is preparing to capitalize on the $850 Billion commitment made by the Chinese Government to improve the quality of water, which has been stated to be 70% unfit for human contact. A move into North America⦠While ZKINâs products are currently marketed globally in Europe, East Asia, the Middle East, and Southeast Asia, the company is also actively expanding its footprint with plans to enter the North American market. Why stainless steel pipes? Steel is probably the toughest and most durable building material out there. Stainless steel pipes are the cornerstone of ZKINâs offerings, providing safe, reliable, durable, and environmentally friendly solutions. As China undergoes massive urbanization, the companyâs products are well-positioned to meet the increased demand for high-quality water transmission systems. Stainless steelâs advantages, including: - high strength - anti-corrosion properties - low water resistance - low leakage rates - recyclability - material of choice for urban development projects - safe, reliable, durable, and environmentally friendly - Stainless steel is 100% recyclable, while plastic pipe can only be landfilled or incinerated, both causing pollution to the environment. To accommodate the enormous increase of clean water demand in urban cities, the distribution network has to be highly safe, reliable, durable, and environmentally friendly. Current pipe networks mainly consist of plastic (such as PPR and PVC), galvanized, and copper pipe, however, these materials donât meet the standards of drinking water transmission. In some developed countries, stainless steel had been widely accepted as the best material for such application. Germany and Japan, for instance, have 80% and 90% of their water pipe networks using stainless steel, respectively, while the percentage in China is around 3%. ZKIN actively contributes to this initiative, offering solutions that meet the needs of real estate developers and health-conscious customers. Meeting global challenges⦠The global demand for clean water and sustainable infrastructure has underscored the imperative to replace aging plastic pipes with high-quality stainless-steel varieties. ZKIN recognizes the global need for reliable water supply systems, positioning itself as a key player in addressing this demand. Clean water initiatives in China and beyondâ¦. Clean water remains a top priority in China, where a seismic shift in population is significantly impacting urban infrastructure. The Chinese Government has allocated $610 billion for water infrastructure between 2011-2030, signaling a commitment to addressing water quality issues. More reasons to be paying attention to ZKIN⦠The company recently announced that the bid price deficiency concern raised by Nasdaq has been successfully resolved. The company has regained compliance and remains committed to maintaining the highest standards of corporate governance and compliance. ZKIN has seen its revenue grow YOY as seen [HERE](~/AASl5QA~/RgRngRnOP0SCaHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9xdW90ZS9aS0lOL2ZpbmFuY2lhbHM_cD1aS0lOJl9reD1fLUhTcG8yeTlsRFdKZTVmSzZ4MzZjUXA4THRRLXk1WEkzdmlZbDV1d2NON3lwNV9vMzd3Tm9JTXpOVDBsMkRYLlRhOXJoTFcDc3BjQgplns6UnmVGOOR6Uht0cmlzdHJhbWJhbGR3aW44OUBnbWFpbC5jb21YBAAF4bE~) In its most recent quarterly report, Revenue increased 15.77% to a record $49.66 million for the six months ended March 31, 2023, from approximately $42.89 million for the six months ended March 31, 2022. The company achieved a significant milestone by securing a $8 million bid in collaboration with Chongqing Gas Group. This success is a testament to the companyâs commitment to excellence, quality, and customer satisfaction, reinforcing its competitive edge in the Western China Gas Market. Mr. Jiancong Huang, Chairman of ZK International Group, stated, "We are thrilled to announce these positive developments as we continue to strengthen our position in the stainless steel industry. The launch of our new website reflects our commitment to providing a seamless and informative experience for our stakeholders. Our planned expansion into international markets is a testament to our dedication to meeting the growing global demand for high-quality stainless steel products and sustainable infrastructure solutions." The company has also successfully closed a $5 million financing above the market. This strategic funding positions the Company for accelerated growth and international expansion, further solidifying our position as an industry leader. ZKIN is now strategically leveraging this capital injection to fuel its expansion plans both domestically and internationally and enhance its capabilities on a global scale. In summary⦠As ZKIN ramps up efforts to get into the North American market, this may be a great time to have the company on your watch list. The company has several competitive advantages that will enable it to maintain and further increase its market position in the pipe and fitting manufacturing industry. ZKIN shares have seen triple-digit gains in recent weeks and recent corporate milestones and highlights could help the momentum continue. Start your research! Copyright 2023 © SCDalerts.com is owned and operated by the owner of SCD Media LLC. Disclaimer and Privacy For more Information please contact info@smallcapsdaily.com This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. 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