Liaoning Province-based Chinese steelmaker Ansteel Group Lingyuan Iron and Steel Co., Ltd. (Lingyuan Steel) has announced that its net loss is expected to reach RMB 1.45-1.67 billion ($0.21-0.24 billion) in 2025, declining compared to a net loss of RMB 1.678 billion in 2024.
The company stated that its molten iron output is likely to decrease by 500,000 mt amid the maintenance of its blast furnace No. 5 and the delayed commissioning of its blast furnace No. 6.
