Jiugang Hongxing: Industry-wide Profitability Under Pressure Since September

At its semi-annual performance briefing held on October 13, Jiugang Hongxing stated that the domestic steel industry currently faces pressures including demand contraction and rising costs. Steel prices remain at low levels while raw material and fuel prices stay high, putting profitability under pressure across the entire industry since September. Facing this严峻 situation, the company will firmly maintain its improving production and operating fundamentals, leverage its resource strategy and product transformation and upgrading strategy to continuously explore potential for cost reduction and efficiency enhancement, structural optimization, and market-driven value creation, while fully ensuring improvement in operational quality and efficiency. (Securities Times)