At its Oct. 13 H1 2026 results briefing Jiugang Hongxing said China’s steel industry faces demand contraction and rising costs, with steel prices remaining depressed and raw-material and fuel costs elevated, leaving industry profitability under pressure since September. The company said it will stabilize recently improving production and operating fundamentals, prioritize resource strategy and product-upgrade initiatives, and push cost cuts, efficiency gains, product-mix optimization and market

At its Oct. 13 H1 2026 results briefing Jiugang Hongxing said China’s steel industry faces demand contraction and rising costs, with steel prices remaining depressed and raw-material and fuel costs elevated, leaving industry profitability under pressure since September. The company said it will stabilize recently improving production and operating fundamentals, prioritize resource strategy and product-upgrade initiatives, and push cost cuts, efficiency gains, product-mix optimization and market measures to protect operating quality and margins.