Baosteel stock rises 1.57 percent after October price hike
Published on 09/25/2026 at 11:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Baosteel stock rose 1.57 percent to CNY 5.84 on the Shanghai Stock Exchange on September 24, 2026, with the price standing below the 52-week high of CNY 7.83. The move followed a September pricing decision that gives the steelmaker a clearer margin test for October deliveries.
October prices move higher
Baoshan Iron & Steel raised domestic hot rolled coil prices by CNY 200 per ton for October deliveries, according to GMK Center on September 11, 2026. The increase came as raw material costs rose, while steel demand was described as subdued in the same report.
The pricing change is material because it directly tests whether higher selling prices can offset cost pressure. The CNY 200 per ton increase also marked the largest upward adjustment since the company took a similar step for April sales, according to the report.
Revenue grows as profit contracts
In the first half of 2026, revenue reached CNY 160.731 billion, up 6.18 percent year over year, while net profit attributable to shareholders declined 6.3 percent to CNY 4.571 billion, according to Futunn. Steel sales volume increased 1.46 percent to 25.68 million tons during the same period.
The contrast between higher revenue and lower profit is the key operating signal. Baosteel is selling more steel, but the 6.3 percent profit decline shows that volume growth has not fully offset pressure on profitability.
Dividend adds a cash return
Baosteel also declared a 2026 interim cash dividend of CNY 0.13 per share. The record date was September 15, 2026, and the ex-dividend date was September 16, 2026, according to Futunn.
Stock remains below yearly high
Baosteel stock stood at CNY 5.84 on the Shanghai Stock Exchange on September 24, 2026, after gaining 1.57 percent during the session. Its 52-week range was CNY 5.30 to CNY 7.83, leaving the latest price above the yearly low and below the yearly high.
Baosteel stock key facts
- Company: Baoshan Iron & Steel Co., Ltd.
- Ticker: 600019
- Trading venue: Shanghai Stock Exchange
- Closing price (September 24, 2026): CNY 5.84
- Market capitalization: CNY 123,089,574,862 (as of September 24, 2026)
- 52-week range: CNY 5.30-7.83 (as of September 24, 2026)
- Sector / Industry: Basic Materials / Steel
