Xining Special Steel disclosed its earnings forecast, expecting a net loss attributable to the parent company of 303 million yuan in the first half of 2026, compared with a loss of 234 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 450 million yuan, compared with a loss of 247 million yuan a year earlier. The company stated that the steel industry is undergoing deep adjustments, with strong supply and weak demand in the steel market, firm prices of major raw materials and fuels, and fluctuating downward steel selling prices. In addition, the company's promotion of green and environmental protection upgrades and equipment and process renovation projects caused periodic disruptions to production and operations, leading to a year-on-year increase in losses in the first half of the year.
Xining Special Steel Co LtdCompany expects increased loss due to weak demand and strong supply in steel market.