Baosteel backs rational production control amid sector challenges

Baoshan Iron & Steel Co., Ltd. (Baosteel), the listed subsidiary of the world's largest steelmaker, China Baowu Steel Group, emphasized the need for rational production control within China's steel industry in light of mounting challenges in key downstream sectors. The statement was made during the company's first-quarter results briefing on Monday.

Baosteel pointed to significant difficulties faced by downstream steel-consuming industries --including automotive, home appliances, and machinery -- exacerbated by ongoing U.S. tariffs. In response, the company underscored the importance of aligning with national policy directives to ensure industry stability and sustainable development. The company highlighted that the Chinese government has