SteelMint

Author: Nabeera

  • China: Shagang reports 12% y-o-y decline in H1CY’26 net profits

    China: Shagang reports 12% y-o-y decline in H1CY’26 net profits

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    by

    Nabeera
    in

    Oversupply and weak steel prices continue squeezing industry margins Special steel competition intensifies as ordinary mills upgrade products Jiangsu Shagang Co., the Shenzhen-listed arm of China’s largest privately-owned steelmaker Shagang Group, reported net profits of RMB 137.1 million ($20.4 million) for the first half of 2026, down 11.9% compared with the same period last year,…