Maanshan Iron & Steel Sees Narrower Interim Loss Amid Sector Headwinds and Investment Hit

Maanshan Iron & Steel Co ( (HK:0323) ) has provided an update.

Maanshan Iron & Steel expects to post a net loss of about RMB72 million attributable to shareholders for the first half of 2026, a slight year-on-year improvement from a RMB75 million loss, while its loss excluding non-recurring items is projected to widen to roughly RMB226 million. The company cites persistent sector headwinds, including strong supply, weak demand, lower steel price indices and elevated raw material and fuel costs, but notes that cost-cutting initiatives and a push into higher value-added products have improved operational efficiency and lifted profits at key subsidiaries, though an investment loss tied to the bankruptcy liquidation of an associate’s subsidiary will keep the group in the red for the period.

Management reports that enhanced accounting-based operations, reductions in hot metal, logistics, energy and quality costs, and optimization of its “2+2+N” product portfolio have reduced per-ton steel costs and supported a higher share of premium products. Subsidiaries Maanshan Iron & Steel Limited Company and Anhui Changjiang Steel Co., Ltd. are both estimated to deliver year-on-year profit growth, but the court-ordered bankruptcy liquidation of Xinyang Steel Jingang Energy Co., Ltd., linked to associate Henan Jinma Energy, has forced the parent to book equity-method investment losses, outweighing these operational gains.

The most recent analyst rating on (HK:0323) stock is a Hold
with a HK$2.20 price target.
To see the full list of analyst forecasts on Maanshan Iron & Steel Co stock,
see the HK:0323 Stock Forecast page.