Baosteel's H1 net profits jump YoY

Baoshan Iron & Steel Co., Ltd. (Baosteel), the listed arm of the world's largest steelmaker China Baowu Steel Group (Baowu), saw its net profits for the first half of 2025 climb by 7.36% on year to Yuan 4.88 billion ($637.31 million), according to the company's latest mid-year report released on August 27.

The steel giant attributed the rise in its profits to strengthened cost control and better coordination between procurement and sales sections. Based on its published results, Baosteel ranked top in revenues and net profits among the 25 Chinese steelmakers that had released their interim reports, according to Mysteel's tracking. Baosteel's on-year rise