Baoshan Iron & Steel Co., Ltd. (Baosteel), the listed arm of the world's largest steelmaker by capacity, China Baowu Steel Group (Baowu), saw its net profits for the first half of 2026 fall by 6.3% on year to Yuan 4.57 billion ($680 million), according to the company's latest mid-year report

Billet prices in Tangshan in North China's Hebei province posted moderate gains during August 17-23 on the back of elevated costs for inputs, with Mysteel assessing the price of Q235 150mm square billet in the city on August 23 higher by Yuan 50/tonne ($7.4/t) on week at Yuan 2,990/t EXW

Mysteel Global provides you a quick look back at the key developments in the market last week. We have selected several story covering major price movements, supply and demand dynamics, and market sentiment to help you stay up to date with the latest trends and developments.