JISCO Hongxing disclosed its earnings forecast, expecting a net loss attributable to the parent company of 210 million yuan in the first half of 2026, compared to a loss of 649 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 251 million yuan, compared to a loss of 665 million yuan a year earlier. The company stated that the domestic steel industry is facing weak supply and demand, with steel product prices fluctuating at low levels, while prices of raw materials such as iron ore and coal remain high, putting pressure on industry profitability. Facing the severe situation, the company has accelerated product mix adjustments, deepened cost reduction and efficiency improvement efforts, and promoted green and low-carbon development and digital transformation, thereby narrowing the loss compared to the same period last year.
Gansu Jiu Steel Group Hongxing Iron & Steel Co LtdDomestic steel industry faces weak supply and demand, with low steel product prices.