Shandong Iron and Steel Company Ltd has announced that it expects to post a gross profit of RMB 293 million ($41 million) for the first half of 2025, marking a dramatic turnaround from a gross loss of RMB 1.061 billion in the same period last year.
The steelmaker also anticipates a net profit attributable to shareholders of RMB 12.71 million ($1.8 million), compared to a net loss of RMB 968 million in the first half of 2024.
Production and Market Strategy Drive Recovery
The company attributed its improved performance to full-capacity operations on production lines that manufacture market-competitive products. It also credited its accurate market forecasting, timely seizing of market opportunities, and a focus on cost reduction, having cut steel production costs by over RMB 60 per metric ton ($8.4/mt).
This performance reversal signals renewed strength for the company amid signs of stabilization in China’s broader steel market.
VietnamSteel by Hoa Sen Group
