Chinese steelmaker Shandong Iron and Steel Company Ltd has announced that its net profit for 2025 is expected to amount to RMB 100 million ($14.7 million), shifting from a net loss of RMB 2.891 billion recorded in 2024.
According to the company, in 2025 it successfully lowered steel production costs by more than RMB 70/mt ($10.3/mt), with its exports surpassing 1.26 million mt, which contributed to the improvement in its performance.
$1 = RMB 6.9771