Maanshan Iron & Steel Expects Sharply Narrowed 2025 Loss Amid Tough Steel Market
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Maanshan Iron & Steel Co (HK:0323) forecasts a narrowed net loss of RMB250 million to RMB190 million for 2025, significantly down from a RMB4.659 billion loss last year. The company attributes this improvement to reforms, cost controls, and a shift towards higher-end products, despite ongoing challenges in China's steel market. The latest analyst rating for the stock is a Hold with a price target of HK$2.50. Maanshan Iron & Steel is focused on enhancing competitiveness through efficiency improvements and product optimization amid industry adjustments.
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