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China's Masteel posts net loss of RMB 4.659 bill-有色金属展-铜材展-2025年广州国际有色金属工业（铜业）展览会-Non-Ferrous Metals Exhibition-Copper Exhibition-The 25th China(Guangzhou) Int'l Non-Ferrous Metals (Copper) Exhibition
4/8/2025 有色金属展-铜材展-non-ferrous metals expo |
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Anhui-Province based Chinese steelmaker Ma''anshan lron and Steel Company Limited (Masteel) hasannounced that it registered an operating revenue of RMB 81.817 bilion ($11.4 bilion), down 17.3 percent yearon year, while it posted a net loss of RMB 4.659 bilion ($0.65 bilion) in the given year, compared to a net loss
of RMB 1.327 billion in 2023.
Masteel stated that in 2024, its parent company Anhui Province-based Chinese steelmaker Magang (Group)Holding produced 18.08 milion mt of pig iron, 19.83 milion mt of crude steel and 18.36 milion mt of finishedsteel, decreasing by 5.99 percent, 5.41 percent and 10.92 percent year on year, respectively.
As for 2025, Magang (Group) Holding plans to produce 18.72 milion mt of pig iron, 20.97 milion mt of crudesteel and 20.1 million mt of finished steel.
有色金属展-铜材展-2025年广州国际有色金属工业（铜业）展览会-Non-Ferrous Metals Exhibition-Copper Exhibition-The 25th China(Guangzhou) Int''l Non-Ferrous Metals (Copper) Exhibition
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