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Chinese steel profits rose 1.9x in 2025's first nine months despite declining output and demand.
China's steel industry saw profits surge 1.9-fold in the first nine months of 2025, reaching 96 billion yuan, with profit margins rising to 2.10 percent, though crude steel output and consumption fell 2.9% and 5.7% respectively, marking the fifth straight year of declining demand.
Industry leaders urged producers to cut output and inventories in the fourth quarter to avoid price wars.
The China Iron and Steel Association is working with government agencies to create a price monitoring system to prevent unfair competition.
Meanwhile, steelmakers reported improvements in energy efficiency and environmental performance, and government policies aim to phase out new capacity while promoting higher-quality production and domestic demand.
Las ganancias del acero chino aumentaron 1,9 veces en los primeros nueve meses de 2025, a pesar de la disminución de la producción y la demanda.