Baoshan Iron & Steel Co (Baosteel), the listed arm of the world's largest steelmaker, China Baowu Steel Group, reported an on-year increase of 40.5% in net profits to reach Yuan 10.35 billion ($1.51 billion) for 2025, while its revenues fell by a small 1.4% to Yuan 317.51 billion.

Retail stocks of the five major finished steel items stored in the commercial warehouses across China that Mysteel regularly monitors dropped during April 24-30, marking the seventh successive on-week fall, the results of Mysteel's latest weekly survey revealed.

Amid renewed volatility in the Middle East, global supply chains for crude oil, natural gas, and related chemicals have once again faced uncertainty. As the world's largest coal producer and a major energy consumer, China must both secure energy supply and advance its energy transition under the con