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Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

author:Meitong global enterprise dynamics
Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Note: The start time of the fiscal year of each company is different from the natural year, so there may be inconsistencies between the fiscal quarter and the year and the natural year. Companies may report their results on a quarterly or semi-annual basis.

metal

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Baosteel released its 2023 annual report. The company's annual operating income was 344.5 billion yuan (about 47.5 billion US dollars), a year-on-year decrease of 6.3%, and the net profit attributable to shareholders of listed companies was 11.944 billion yuan, a year-on-year decrease of 2.0%.

TISCO Stainless Steel released its 2023 annual performance report. In 2023, the operating income will be 105.618 billion yuan (about 14.6 billion US dollars), an increase of 8.15% year-on-year, and the net loss attributable to shareholders of listed companies will be 1.081 billion yuan.

Masteel released its 2023 annual report. The company's annual operating income was 98.938 billion yuan (about 13.7 billion US dollars), a decrease of 3.15% compared with the same period last year, and the net loss attributable to shareholders of listed companies was 1.327 billion yuan, a year-on-year increase in losses.

Xingang Co., Ltd. announced that in 2023, it will achieve operating income of 71.143 billion yuan (about 9.82 billion US dollars), a year-on-year decrease of 28.14%, and a net profit attributable to shareholders of listed companies of 498 million yuan, a year-on-year decrease of 52.43%.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

ArcelorMittal announces fourth-quarter 2023 results. Quarterly revenue fell to $14.55 billion from $16.89 billion in the year-ago quarter, and net loss attributable to shareholders of the parent was $2.97 billion, compared to a profit of $261 million in the year-ago quarter. Adjusted net income attributable to shareholders of the parent was $982 million, compared to $1.19 billion in the year-ago quarter. EBITDA edged up to $1,266 million from $1,258 million in the previous year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Nippon Steel announced its results for the first nine months of the fiscal year ended December 31, 2023 (April~December). The revenue for the current period was 6,641.8 billion yen (about 42.5 billion US dollars), compared with 5,961.7 billion yen in the same period last year, a year-on-year increase of 11.4%. Operating profit for the period was 618.7 billion yen, compared to 761.8 billion yen in the same period of the previous year, a year-on-year decrease of 18.8%. Net profit attributable to owners of the parent company for the current period was 440.9 billion yen, compared to 517.1 billion yen in the same period of the previous year, a year-on-year decrease of 14.7%.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Posco Holdings announced its 2023 results. Full-year revenue was 771272 billion won (about 56.1 billion U.S. dollars), compared to 847502 billion won in the previous year. The full-year operating profit was 3,531 billion won, compared to 4,850 billion won in the previous year. Net profit attributable to owners of the company for the full year was 1,698.1 billion won, compared to 3,144.1 billion won in the previous year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

thyssenkrupp announces its results for the first quarter of the fiscal year (October-December 2023). Quarterly sales were 8,181 million euros (approximately $8.78 billion), compared to 9,018 million euros in the prior-year quarter. EBITDA profit for the quarter was 238 million euros, compared to 485 million euros in the prior-year quarter. Net loss after tax attributable to shareholders of the company was 314 million euros in the quarter, compared to a net profit of 75 million euros in the prior-year quarter.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Nucor Announces Fourth Quarter and Full Year 2023 Results. Net sales in the fourth quarter were $7,705 million, compared to $8,724 million in the year-ago quarter. Net income attributable to shareholders of the Company for the quarter was $785 million, compared to $1,256 million in the year-ago quarter. Net sales were $34.7 billion in 2023 and $41.5 billion in 2022. Net profit attributable to the company for the full year was US$4,525 million, compared to US$7,607 million in the previous year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

JFE Holdings, Inc. Announced results for the first nine months of the fiscal year ended December 31, 2023 (April ~ December). Revenue for the current period was 3,865.7 billion yen (about 24.7 billion U.S. dollars), compared with 3,908.6 billion yen in the same period last year. Net income attributable to owners of the parent company for the period was 162.9 billion yen, compared to 143.9 billion yen in the same period last year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Aluminum Corporation of China released its 2023 annual performance report. The company's operating income was 225.071 billion yuan (about 31.1 billion US dollars), a year-on-year decrease of 22.65%, and the net profit attributable to shareholders of listed companies was 6.717 billion yuan, a year-on-year increase of 60.23%.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Valin Steel announced that the company's operating income in 2023 will be 163.897 billion yuan (about 22.6 billion US dollars), a year-on-year decrease of 2.5%, and the net profit attributable to the parent company will be 5.079 billion yuan, a year-on-year decrease of 20.38%.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Cleveland-Cliffs announces fourth-quarter and full-year 2023 results. Fourth-quarter revenue was $5,112 million, compared to $5,044 million in the year-ago quarter. Net loss attributable to the Company's shareholders for the quarter was $155 million, compared to a net loss of $214 million in the year-ago quarter. Revenue in 2023 is $22 billion, compared to $23 billion in 2022. Net income attributable to the Company for the full year was $399 million, compared to $1,335 million in the prior year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

China Hongqiao announced its 2023 results. The annual revenue increased by 1.5% year-on-year to RMB133.624 billion (approximately US$18.4 billion), and the net profit attributable to shareholders of the Company increased by 31.7% year-on-year to RMB11.461 billion. During the year, the output of the Group's aluminum alloy products was approximately 6.265 million tons, an increase of approximately 3.7% over the same period last year. The output of aluminum alloy processing products was about 770,000 tons, an increase of about 17.0% over the same period last year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

voestalpine GROUP announces its results for the first nine months of the 2023/24 financial year ended December 31, 2023. Revenue for the current period was 12.388 billion euros (about 13.3 billion US dollars), compared to 13.585 billion euros in the same period last year. EBITDA profit for the period was 1,283 million euros, compared to 1,879 million euros in the prior-year quarter. Profit after tax for the period amounted to 431 million euros, compared to 864 million euros in the prior-year quarter.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Norsk Hydro announces fourth quarter and full year 2023 results. Revenue in the fourth quarter was NOK 46,754 million (approximately USD 4,270 million), compared to CZK 44,075 million in the prior-year quarter. Adjusted EBITDA profit for the quarter was CZK 3,737 million, compared to CZK 7,184 million in the prior-year quarter. Net loss from continuing operations was CZK 2,771 million, compared to a net profit of CZK 158 million in the prior-year quarter. Full-year revenue was NOK 193,619 million (approximately USD 17.7 billion), compared to CZK 207,929 million in the previous year. Adjusted EBITDA profit for the full year was CZK 22,258 million, compared to CZK 39,664 million in the previous year. Net profit from continuing operations for the full year amounted to CZK 2,804 million, compared to CZK 24,381 million in the previous year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

HBIS announced its 2023 annual results. The annual operating income was 122.744 billion yuan (about 16.9 billion US dollars), a year-on-year decrease of 14.45%. net profit attributable to owners of the parent company was 1.084 billion yuan, down 22.30% year-on-year. In 2023, the company will produce 28.81 million tons of iron, 27.17 million tons of steel, 25.39 million tons of steel, and 180,000 tons of vanadium slag.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

KOBE STEEL, LTD. Announced results for the first nine months of the fiscal year ended December 31, 2023 (April ~ December). Revenue for the current period was 1,873.7 billion yen (about 12 billion U.S. dollars), compared with 1,784.6 billion yen in the same period last year, a year-on-year increase of 5%. Operating profit for the period was 183.2 billion yen, compared to 53.8 billion yen in the same period of the previous year, a year-on-year increase of 156.9%. Net income attributable to owners of the parent company for the period was 109.7 billion yen, compared to 47.5 billion yen in the same period of the previous year, a year-on-year increase of 131%.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Shougang released its 2023 annual report. The operating income was 113.761 billion yuan (about 15.7 billion US dollars), a year-on-year decrease of 3.71%, the net profit attributable to shareholders of listed companies was 664 million yuan, a year-on-year decrease of 40.98%, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 528 million yuan, a year-on-year decrease of 49.87%.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Anshan Iron and Steel Co., Ltd. disclosed its 2023 annual report. In 2023, the operating income will be 113.502 billion yuan (about 15.7 billion US dollars), a year-on-year decrease of 13.40%, and the net loss attributable to shareholders of the listed company will be 3.257 billion yuan, compared with a net profit of 108 million yuan in the same period in 2022.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Shandong Iron and Steel announced that the company will achieve operating income of 90.475 billion yuan (about 12.5 billion US dollars) in 2023, a year-on-year decrease of 11.55%, and a net loss of 400 million yuan, turning from profit to loss year-on-year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Alcoa announces financial results for the fourth quarter and full year 2023. Fourth-quarter revenue was $2,595 million, down approximately 3% from $2,663 million in the year-ago quarter. Net loss attributable to the company was $150 million, compared to a loss of $39,500 in the year-ago quarter. Full-year revenue was $10.551 billion, down 15% year-on-year. Net loss attributable to the Company was $651 million.

Mineral

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Mining and commodities trading giant Glencore has reported its 2023 financial results. The annual revenue was 217.829 billion US dollars, a decrease of 15% from 255.984 billion US dollars in the previous year. Full-year adjusted EBITDA profit was $17.1 billion, down 50% from $34.1 billion in the previous year. Net profit attributable to shareholders for the full year was US$4.28 billion, down 75% from US$17.3 billion in the previous year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Jiangxi Copper released its 2023 annual report. In 2023, the operating income will be 521.893 billion yuan (about 72 billion US dollars), a year-on-year increase of 8.74%, and the net profit attributable to shareholders of listed companies will be 6.505 billion yuan, a year-on-year increase of 8.53%.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

BHP, the world's largest mining company, has announced its results for the first half of its fiscal year ended December 31, 2023. BHP Billiton's first-half profit was flat year-on-year, despite demand for iron ore and other core commodities remaining strong, as the company was impacted by nickel asset impairments and other provisions. BHP Billiton's revenue for the period was US$27.232 billion, up 6% year-on-year, and potential attributable profit from continuing operations was US$6.57 billion. Net income fell 86% from a year earlier to $972 million.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Rio Tinto (Rio Tinto) announced its 2023 financial results. The annual sales revenue was 54.041 billion US dollars, compared with 55.554 billion US dollars in the previous year. Operating profit was US$14.823 billion, compared to US$19.933 billion in the previous year. Net profit attributable to owners of the company for the full year was US$10.058 billion, compared to US$12.392 billion in the previous year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Vale announces its 2023 financial results. Net revenue for the full year was US$41.784 billion, compared to US$43.839 billion in the previous year. Operating profit was US$14.205 billion, compared to US$17.208 billion in the previous year. Net profit from continuing operations attributable to shareholders of the Company for the full year was US$7,983 million, compared to US$16,728 million in the previous year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Zijin Mining disclosed its annual report, with revenue of 293.403 billion yuan (about US$40.5 billion) in 2023, a year-on-year increase of 8.54%, and net profit attributable to shareholders of listed companies of 21.119 billion yuan, a year-on-year increase of 5.38%.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Anglo American plc announces 2023 results. The annual revenue was US$30.652 billion, compared with US$35.118 billion in the previous year, a year-on-year decrease of 13%. EBITDA profit was $9,958 million, compared to $14,495 million in the previous year. Net profit attributable to shareholders of the Company for the full year was US$283 million, compared to US$4.514 billion in the same period last year, a year-on-year decrease of 94%.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

CMOC announced its 2023 results. In 2023, the company will achieve a total operating income of 186.269 billion yuan (about 25.7 billion US dollars), an increase of 7.68% year-on-year, and a net profit attributable to the parent company of 8.25 billion yuan, an increase of 35.98% year-on-year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Newmont Corporation announces fourth-quarter and full-year 2023 results. Fourth-quarter sales were $3,957 million, compared to $3.2 billion in the year-ago quarter. Net loss attributable to shareholders of the Company for the quarter was $3,139 million, compared to a net loss of $1,477 million in the year-ago quarter. Sales in 2023 will be $11.812 billion, compared to $11.915 billion in 2022. Net loss attributable to the Company for the full year was $2,475 million, compared to a net loss of $429 million in the previous year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Barrick Gold announces fourth quarter and full year 2023 results. Fourth-quarter revenue was $3,059 million and quarterly net income was $479 million. Full-year revenue was $11.397 billion, compared to $11.013 billion in the previous year. Net income for the full year was US$1,272 million, compared to US$432 million in the previous year.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Albemarle announces fourth quarter and full year 2023 results. Net sales in the fourth quarter were $2,356 million, compared to $2,621 million in the year-ago quarter. Net loss attributable to the company for the quarter was $618 million, compared to a net profit of $132 million in the year-ago quarter. Quarterly adjusted EBITDA loss was $315 million. Net sales for the full year were $9.617 billion, the highest in the company's history, up 31% from $7.32 billion in the previous year. Net income attributable to the Company for the full year was US$1,573 million, compared to US$2,690 million in the previous year.

coal

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

China Shenhua released its 2023 annual report. The company's total operating income was 343.074 billion yuan (about 47.4 billion US dollars), down 0.42% year-on-year, net profit attributable to the parent company was 59.694 billion yuan, down 14.29% year-on-year, and non-net profit was 62.868 billion yuan, down 10.65% year-on-year. The coal segment accounted for more than 60% of the revenue last year, while the power generation and railway segments accounted for 22% and 10% respectively.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

China Coal Energy discloses its annual report. In 2023, the company achieved operating income of 192.969 billion yuan (about 26.6 billion US dollars), a year-on-year decrease of 12.5%, and net profit attributable to shareholders of listed companies of 19.534 billion yuan, a year-on-year increase of 7.0%.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Shaanxi Coal Industry disclosed its 2023 annual report. In 2023, the company achieved a total operating income of 170.872 billion yuan (about 23.6 billion US dollars), a year-on-year increase of 2.41%, a net profit attributable to the parent company of 21.239 billion yuan, a year-on-year decrease of 39.67%, and a non-net profit of 24.680 billion yuan, a year-on-year decrease of 16.89%.

Summary of the financial reports of 37 steel and metal mining companies in 2023, including Baosteel, ArcelorMittal, Nippon Steel, POSCO, BHP Billiton, and China Shenhua

Yankuang Energy's annual report is disclosed. In 2023, the operating income will be 150.025 billion yuan (about 20.7 billion US dollars), a year-on-year decrease of 33.31%, and the net profit will be 20.14 billion yuan, a year-on-year decrease of 39.62%.

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