Angang Steel (HKG:0347, SHE:000898) expects to post a net loss attributable to shareholders of about 4.08 billion yuan in 2025, narrowing 43% from 7.12 billion yuan a year earlier, according to a Jan. 30 Hong Kong bourse filing.

Hong Kong-listed shares of the company were down nearly 7% in Monday's late morning trade.

Basic loss per share is estimated at 0.435 yuan, versus 0.759 yuan a year earlier.

The steelmaker attributed the narrower loss to market expansion, an improved product mix, higher operating efficiency, and cost-control measures, despite continued supply-demand imbalances in the steel market.