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Market Chatter: China Steel Mill Profitability Rises to Highest Since August

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Chinese steel mill profitability hit its highest level since August 2025, but whether the development could last remains a question, Bloomberg News reported Friday, citing data from consultancy Mysteel.

In a weekly survey of 247 plants, about 64% of them are profitable, thanks to solid downstream competition and stronger exports, the report said.

This is the second time the levels have exceeded since October 2024, the news agency reported.

The improvement, however, could be short-lived because it was not driven by "genuinely booming demand" but by supply-demand mismatch and domestic-overseas price gap, MySteel analyst Steven Yu reportedly said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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