Chinese steelmaker Shandong Iron and Steel Company Ltd said its net loss is expected to be 30 million yuan ($4.4 million) in the January-June period this year, compared with a net profit of 13 million yuan attributable to listed company shareholders before retrospective adjustments recorded in the same period last year.
In the first half of 2026 The domestic steel market was characterized by strong supply. and weak demand. Iron ore prices remained steady, coal prices rose and the gap between buying and selling prices narrowed. Shandong Steel took a series of measures to cut costs, adjust structures and expand markets, resulting in improved performance in the second quarter of this year, leading the company to move from loss to profit between April and June.
