---
title: "The steel sector experiences a volatile rebound, with Baosteel and several other stocks rising over 5%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/237749805.md"
description: "Shougang Co., Ltd. rose over 8%, while Baosteel, SANGANG MINGUANG, xinsteel, and STSS all rose over 5%. On the news front, Shougang Co., Ltd. announced that its net profit in the first quarter increased by nearly 1450% year-on-year. Additionally, Baosteel and several other steel companies reported year-on-year growth in net profit for the first quarter"
datetime: "2025-04-28T02:11:42.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/237749805.md)
  - [en](https://longbridge.com/en/news/237749805.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/237749805.md)
---

# The steel sector experiences a volatile rebound, with Baosteel and several other stocks rising over 5%

Shougang Co., Ltd. rose over 8%, while Baosteel, SANGANG MINGUANG, xinsteel, and STSS all rose over 5%. On the news front, Shougang Co., Ltd. announced that its net profit in the first quarter increased by nearly 1450% year-on-year. Additionally, Baosteel and several other steel companies reported a year-on-year increase in net profit for the first quarter

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