Wedoany.com Report-Aug. 28, On August 27, 2025, Baoshan Iron & Steel Co., China’s largest listed steelmaker, known as Baosteel, announced a 7.4% increase in its first-half net profit, reaching approximately 4.88 billion yuan ($682 million), compared to 4.55 billion yuan in the same period of 2024. The results, disclosed in a filing to the Shanghai Stock Exchange, reflect the company’s resilience despite softer demand in the domestic steel market.

An employee stands near a Baosteel logo during a government-organised media tour to Baoshan Iron & Steel Co., Ltd. (Baosteel), a subsidiary of China Baowu Steel Group, in Shanghai, China September 16, 2022.

Baosteel, a subsidiary of China Baowu Steel Group, the world’s leading steel producer, reported that the steel industry faced reduced demand in the first half of 2025, though supply constraints helped balance the market. The company noted: “The export business will face pressure in the remainder of the year amid rising trade protectionism and anti-dumping duties in Southeast Asia.” These challenges highlight the complexities of global trade dynamics affecting the steel sector.

The company’s profitability was bolstered by a significant decline in raw material costs. From January to June 2025, iron ore prices dropped by 14.4%, coking coal prices fell by 41.1%, and steel prices decreased by 13.5%. These cost reductions enabled Baosteel to improve its financial performance despite market headwinds.

In terms of production, Baosteel manufactured 23.71 million metric tons of iron and 25.73 million metric tons of steel during the first six months of 2025. The company also saw a 9.4% increase in export orders, totaling 3.32 million tons, compared to the same period in 2024. This growth in exports underscores Baosteel’s ability to maintain a strong presence in international markets.

As a key player in the global steel industry, Baosteel continues to navigate a challenging environment by optimizing production and leveraging cost advantages. The company’s focus on efficiency and market adaptability has contributed to its sustained profitability. Looking ahead, Baosteel is preparing to address potential trade barriers in Southeast Asia while maintaining its commitment to meeting global demand for high-quality steel products.

The first-half results reflect Baosteel’s strategic efforts to balance domestic and international operations, ensuring stability in a competitive market. The company’s performance highlights the importance of cost management and production efficiency in sustaining growth within the steel industry.