MCC's new contracts fall, overseas growth a bright spot

Metallurgical Corporation of China (MCC) reported new contract value of 7,606.7 bn yuan for the first nine months of 2025, a 14.7% decrease compared to the same period last year. This decline in total contracts comes despite strong growth in the company's international operations.

New overseas contracts for MCC during the same period reached 669.0 bn yuan, representing a significant 10.1% increase year-on-year. This growth in foreign markets partially offsets the overall domestic slowdown.

In September 2025, MCC secured several large engineering contracts, each exceeding 10 bn yuan. Notable agreements include a 24.3 bn yuan project for the Zhongmou Fashion Industrial Park, a 23.0 bn yuan 5G communication tower project in Henan Province, and another 23.0 bn yuan contract for a cold-rolled coated steel project in Shandong. Additionally, a commercial and office facility project in "Red Zhaobi" was valued at 20.7 bn yuan, and the second phase of a Shandong steel base project secured 10.0 bn yuan. These figures are provisional.