China’s Baoshan Iron & Steel Co. reported weaker profitability in the first quarter of 2026, with net profit attributable to shareholders falling 8.6pct YoY to 2.23 bln yuan (USD 326 mln).
Revenue rose 5.7pct YoY to 77.06 bln yuan (USD 11.2 bln), indicating stable operating performance.
During the period, the company produced 12.23 mln tons of pig iron and 13.21 mln tons of crude steel, while commercial steel sales reached 12.61 mln tons. Flat products remained the dominant segment, with plate and strip accounting for 10.96 mln tons, alongside 0.48 mln tons of pipes and 1.17 mln tons of other steel products.
Export orders increased to 1.96 mln tons, up from 1.55 mln tons in the same period last year.
1 USD / 6.82 yuan
