China’s Baoshan Iron & Steel (Baosteel) posted a 7.4pct YoY rise in net profit to 4.88 bln yuan (USD 682 mln) in the first half of 2025, despite a 7.3pct drop in operating income to 151.37 bln yuan (USD 21 bln), according to its stock exchange filing.
The company produced 23.7 mln tons of pig iron and 25.7 mln tons of steel products during the period. Export orders rose 9.4pct YoY to 3.32 mln tons as Baosteel expanded its overseas markets.
Baosteel noted that the global economic environment remains challenging, with weak domestic demand, trade barriers, and falling steel prices weighing on the industry. The China Iron and Steel Association’s Composite Steel Price Index fell 13.5pct YoY in H1.
Looking ahead, Baosteel expects macroeconomic stimulus and infrastructure investment to support steel demand in sectors such as autos, home appliances, energy, and shipbuilding. However, it warned that rising trade protectionism, particularly in Southeast Asia, continues to threaten export prospects.
1 USD / 7.15 yuan
