In the first half of 2025, downstream demand in the steel industry remained in the doldrums, with steel prices fluctuating downward. The steel industry as a whole faced a situation of "weak supply and demand," with a slow market start and demand falling short of expectations, thereby affecting the sales performance of various steel companies.
In summary, based on the semi-annual earnings previews for 2025 released by multiple publicly listed steel companies, both companies expecting earnings growth and those incurring losses have mentioned the issues of steel price changes and production cost control in the first half of the year in their reports. This underscores the crucial role of cost reduction and efficiency enhancement in the performance of steel companies.