Angang Steel Co., Ltd. (00347)'s net loss to mother for the medium term is expected to be about 1,144 billion yuan, narrowing by about 57.46% year-on-year

According to Zhitong Finance App, Angang Steel Co., Ltd. (00347) announced that the company's net loss attributable to shareholders of listed companies for the six months ending June 30, 2025 is expected to be approximately RMB 1,144 billion, a year-on-year narrowing of about 57.46%. The company expects a net loss of about 1,231 billion yuan in the first half of the year after deducting non-recurring profit and loss due to shareholders of listed companies.

In the first half of 2025, the situation in the steel industry improved somewhat compared to the same period last year. Steel prices on the sales side and raw material prices on the procurement side are still on a downward trend, and the overall situation where supply exceeds demand in the steel market has not fundamentally improved. The company insists on cost reduction and efficiency as the center, focusing on “accounting management” and “five-type enterprise” construction, increasing market development and product adjustment efforts, improving operational efficiency, digging deeper into energy potential, optimizing the procurement radius, and focusing on system cost reduction, and enhancing the competitiveness of the enterprise market.