At its 2026 Q3 results briefing Wujin Stainless said downstream demand recovery has fallen short of expectations and market competition has intensified, leaving overall order demand cautious. Backlog digestion has slowed and new order wins are harder

2026-11-09

At its 2026 Q3 results briefing Wujin Stainless said downstream demand recovery has fallen short of expectations and market competition has intensified, leaving overall order demand cautious. Backlog digestion has slowed and new order wins are harder to secure. Product average selling prices continue to weaken, upstream‑to‑downstream price spreads have narrowed and profitability is being squeezed, putting operating results under pressure. The company will deepen lean management, tightly control operating costs, optimize product mix and push higher‑value products while anchoring the domestic business with localized service. It will also step up maintenance and expansion of overseas markets and participate more actively in international competition to try to lift results.