Company Performance: Company's financial health and profitability are key. Strong earnings, revenue growth, and efficient operations generally increase stock price.

Industry Trends: Overall performance and outlook of the steel industry impact investor sentiment. Positive trends such as increased demand and favorable policies tend to raise the price.

Market Sentiment: General investor confidence and risk appetite influence stock prices. A bullish market usually leads to higher prices, while a bearish market can trigger declines.

Economic Conditions: Macroeconomic factors like GDP growth, interest rates, inflation, and unemployment can affect the company and steel industry, thereby affecting the stock's value.

Government Policies: Government regulations, trade policies (tariffs), and infrastructure spending have a significant effect on the steel sector and, consequently, 600828.SHG.

Global Events: International events such as global economic crises, geopolitical tensions, and trade wars can have spillover effects on the stock market and steel company's stock.

Investor Speculation: Rumors, news, and analyst ratings can cause short-term fluctuations in the stock price due to speculative trading.

Supply and Demand: Basic principle of supply and demand affects the stock. If more investors want to buy the stock than sell it, the price goes up, and vice versa.