China’s No. 2 Steelmaker Makes Annual Loss of Nearly $1 Billion

Subsidiary of China's second-largest steelmaker suffers nearly $1bn loss as industry struggles deepen

Chinese steelmakers are facing the painful unwinding of a two-decade boom fuelled by rapid construction and industrial expansion. The sector was largely unprofitable throughout last year

China’s No. 2 Steelmaker Makes Annual Loss of Nearly $1 Billion

Angang Steel Co Ltd., the listed arm of China’s second-biggest steelmaker, racked up a loss of nearly $1 billion last year, underscoring torrid conditions in the industry as demand shrinks and prices plunge.

Anshan Iron & Steel Co Ltd, a listed unit of China's second-largest steelmaker, lost nearly $1 billion last year, highlighting the difficult conditions facing the country's steel industry as demand shrinks and prices plummet.

China’s foreign mining investment sets record – The Northern Miner

China’s overseas mining investment under its Belt and Road Initiative (BRI) hit another peak last year at $21.4 billion (C$30.6 billion), as the government continues to place heavy emphasis on...

World's third largest steelmaker posts nearly $1 bn loss

Shanghai (AFP) Mar 31, 2025 World number-three steelmaker Angang Steel lost nearly $1 billion last year, it said in a stock exchange filing, as the Chinese giant was hit by domestic overcapacity and poor demand. China's steel sector has been under pressure from a prolonged slump in the country's real estate market, traditionally a major consumer, that has hit demand in the world's second-largest economy. Angang log