Beijing-based Chinese steelmaker Shougang Co., Ltd has announced that it registered an operating revenue of RMB 102.918 billion ($15 billion) in 2025, down 5.11 percent year on year. Nevertheless, it posted a net profit of RMB 996 million ($145.2 million) for the given year, up 107.68 percent year on year. Such good results are explained by the company’s strong focus on increasing its share of high-value added products. The target of the mill is to increase the share of such products in its total production (including those for the automotive industry, electrical steel, etc) to 70 percent. Also, strong cost control helped to increase profits.
Meanwhile, the start of this year has been rather negative for the company. In the January-March period this year, Shougang Co., Ltd registered an operating revenue of RMB 25.078 billion ($3.6 billion), down 5.65 percent year on year, while recording a net profit of RMB 174.07 million ($25.4 million) for the given period, down 47.17 percent year on year.
Despite this, the overall outlook for 2026 remains rather optimistic. Shougang plans to produce 23.28 million mt of finished steel in 2026, up two percent year on year, while it is targeting an operating revenue of RMB 106.48 billion ($15.5 billion) in 2026, up 3.46 percent year on year.
Beijing-based Shougang Co. is one of three major subsidiaries of Shougang Group, which is the sixth biggest producer in China and ninth biggest in the world. Shougang Group's crude steel production was 31.6 million mt in 2024.
