Lingyuan Steel expects a net loss of 1.45-1.67 billion yuan in 2025

The Chinese steel company Ansteel Group Lingyuan Iron and Steel Co., Ltd. (Lingyuan Steel) from Liaoning Province announced that its net loss is expected to reach 1.45-1.67 billion yuan (0.21-0.24 billion U.

S. dollars) in 2025, down from a net loss of 1.678 billion yuan in 2024.

The company said its output of molten pig iron is likely to decrease by 500,000 tons due to repairs to blast furnace No. 5 and delayed commissioning of blast furnace No. 6.