Maanshan Iron & Steel Co., Ltd. (“Masteel”) has released its 2025 Environmental, Social and Governance (ESG) Report, detailing a year of solid environmental gains alongside marginal financial performance. Operating revenue slipped 5.24 % to RMB 77.53 billion, while net loss narrowed sharply to RMB 27 million and operating profit margin edged into positive territory at 0.19 %. R&D spending remained robust at RMB 3.61 billion, equivalent to 4.65 % of sales.
Carbon-reduction targets were met or surpassed: total CO₂ emissions (Scope 1+2) fell 6.2 % year on year to 34.58 million tonnes, and carbon intensity improved to 1.85 tonnes per tonne of steel, beating the 1.86-tonne ceiling. Comprehensive energy consumption declined to 4.68 MWh per tonne of steel, supported by seven energy-saving projects that cut 44,800 tonnes of standard-coal equivalent. Green power procurement grew 22.46 % to 746 million kWh, while self-generated photovoltaic output reached 47.89 million kWh.
Resource-efficiency indicators also advanced. The industrial water recycling rate hit 98.05 %, with 1.37 million tonnes of water saved. Solid-waste recycling remained high at 99.54 %; steel-slag utilisation reached 100 %, and hazardous-waste safe-disposal rate stayed at 100 %. Waste-gas performance improved as SO₂ emissions fell to 3,697 tonnes and NOx to 6,666 tonnes.
On the workforce front Masteel maintained 100 % labour-contract and social-insurance coverage for its 16,780 employees. Training coverage stood at 99.18 %, averaging 15.03 training days per employee. The company reported one work-related fatality and three minor injuries, translating to a lost-time injury frequency rate of 0.15 per million hours worked. Employee satisfaction edged up to 84.04.
Governance indicators remained strong: independent directors represent 66.67 % of the six-member board, and the group retained full ISO 14001 and ISO 45001 certification. Masteel’s ESG credentials were recognised with an AAA rating among Chinese steel enterprises and inclusion in several national ESG pioneer indices.
Looking to 2026, Masteel plans to deepen low-carbon technology deployment, target further energy-intensity cuts and maintain zero major environmental incidents, reinforcing its goal of building a “stronger and more dynamic new Masteel with sustained momentum.”
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