Chongqing Iron & Steel expects significantly reduced Q1 losses

Chongqing Iron & Steel Company (SSE:601005) anticipates a net loss attributable to shareholders of around CNY -117 million for the first quarter of 2025. This marks a significant improvement compared to the same period last year, where the net loss was CNY -333.76 million. The company attributes the improved performance to enhanced production efficiency, cost reduction initiatives, and strategic adjustments to procurement and sales policies. Key production metrics, including hot charging rate and furnace turnaround, have shown consistent improvement. The company emphasizes that these figures are preliminary and subject to final audit.