Which companies are Hangzhou Iron & Steel's closest peers?

The cockpit's peer set: Hyundai Steel (004020.KS), Zhejiang Jiuli Hi-Tech Metals (002318.SZ), Fujian Makeng Mining (601123.SS), Shanxi Taigang Stainless Steel (000825.SZ), Aperam (APAM.AS), Sims (SGM.AX), Yongxing Special Materials Technology (002756.SZ), HBIS (000709.SZ).

Is Hangzhou Iron & Steel expensive compared with its peers?

On price / book it trades at 0.94× against a peer median of 0.73×, 10th most expensive of 21 in its peer set. The share price implies a return on equity of about 9.7%; Hangzhou Iron & Steel delivers -0.9%, so the price asks more than the business earns today.

How has Hangzhou Iron & Steel stock performed?

Over six months to 6 Nov 2026 the shares returned -38.3% against -24.4% for the median peer; over one year -39.0%.

← CockpitCompetitor Analysis › 600126.SS Hangzhou Iron & Steel Co., Ltd. Class AOpen in the cockpit ↗

Hangzhou Iron & Steel Co., Ltd. Class A600126.SSCompetitor analysis, valuation and peers

China · CNY·Materials›Steel

Former Hangzhou steelmaker that shut down local steel production for environmental reasons; current core business (trading/other) is not fully confirmed.

Momentum laggard 16

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$2.73B

US dollars, full cap

Free float

41%

of shares outstanding

$/day

$21.0M

20-day average traded

P/B

0.94×

price to book

ROE

-0.9%

delivered

Implied ROE

9.7%

what the price asks

Close · CNYCN¥5.39

1D-1.5%

1W+6.5%

1M-8.3%

3M-16.8%

6M-38.3%

YTD-34.0%

1Y-39.0%

ATR %3.4%

52w lowhigh52.0% off high

What Hangzhou Iron & Steel does

Former Hangzhou steelmaker that shut down local steel production for environmental reasons; current core business (trading/other) is not fully confirmed.

Where it sits in the supply chain

Materials
Steel (former)
Diversified/trading

Moat: none

Headquarters: Hangzhou, China · Employees: 3,544

Hangzhou Iron & Steel at a glance

Size Hangzhou Iron & Steel (600126.SS) is a China Materials company (Steel) with a market value of $2.73B, the 938th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.39 on 6 Nov 2026.

Performance Over six months the shares fell 38.3%, against -24.4% for the median peer and -16.4% for the China market (cap-weighted) — 3rd lowest of 20 in its peer set.

Growth Revenue fell 57.6% over the last twelve months (peer median -0.5%); the operating margin is -1.4% (peer median 3.1%).

Valuation It trades at 0.94× book value against a peer median of 0.73× (10th most expensive of 21).

Price implies The share price implies a return on equity of about 9.7%; Hangzhou Iron & Steel delivers -0.9%, so the price asks more than the business earns today.

Relative performance

Six months, rebased to 100: Hangzhou Iron & Steel against the median of its 20 peers (local-currency closes).

Hangzhou Iron & Steel financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	CN¥25.8B	CN¥52.3B	CN¥63.6B	CN¥55.8B	CN¥43.3B
Revenue growth	—	-18%	+14%	+29%	—
Gross profit	CN¥1.67B	CN¥800M	-CN¥19.7M	CN¥670M	CN¥1.01B
EBITDA	n/a	CN¥1.08B	CN¥123M	CN¥842M	CN¥1.28B
Net income	-CN¥173M	CN¥24.1M	-CN¥628M	CN¥182M	CN¥481M
Free cash flow	CN¥36.6M	CN¥947M	-CN¥145M	-CN¥3.55B	-CN¥1.04B
Capital expenditure	CN¥1.47B	CN¥1.22B	CN¥1.33B	CN¥807M	CN¥820M
Total debt	CN¥6.15B	CN¥6.29B	CN¥7.14B	CN¥5.82B	CN¥3.26B

Quarterly statements and history in the cockpit →

Hangzhou Iron & Steel competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Hangzhou Iron & Steel is the large dot.

Fundamentals: return on equity against price-to-book

A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Hangzhou Iron & Steel is the large dot.

Capital: ROE delivered against the ROE the price implies

Above the diagonal = the price asks for a higher return on equity than the business earns today. Hangzhou Iron & Steel is the large dot.

Hangzhou Iron & Steel competitors and peer comparison

How Hangzhou Iron & Steel compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Hangzhou Iron & Steel against its 20 peers (data as of 6 Nov 2026)
Measure	600126.SS	Peer median	Rank in peer set
1-month return	-8.3%	-5.8%	9th lowest of 21
6-month return	-38.3%	-24.4%	3rd lowest of 20
Return on equity	-0.9%	3.3%	4th lowest of 21
Price / book	0.94×	0.73×	10th most expensive of 21
ROE the price implies	9.7%	8.9%	10th most demanding of 21
ROE delivered	-0.9%	3.9%	4th lowest of 18

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	ROE	Price / book	Implied ROE	Delivered ROE
Hangzhou Iron & Steel 600126.SS	China	$2.73B	-38%	-58%	-1%	0.94×	9.7%	-0.9%
Hyundai Steel 004020.KS	South Korea	$2.73B	-34%	+2%	0%	0.19×	3.9%	n/a
Zhejiang Jiuli Hi-Tech Metals 002318.SZ	China	$2.75B	-37%	-38%	9%	2.33×	14.6%	8.7%
Fujian Makeng Mining 601123.SS	China	$2.76B	n/a	-3%	18%	3.62×	64.7%	n/a
Shanxi Taigang Stainless Steel 000825.SZ	China	$2.78B	-24%	+1%	-2%	0.57×	4.8%	-2.2%
Aperam APAM.AS	Netherlands	$2.63B	-32%	-4%	4%	0.73×	9.8%	3.9%
Sims SGM.AX	Australia	$2.62B	-11%	+7%	9%	1.42×	17.2%	9.4%
Yongxing Special Materials Technology 002756.SZ	China	$2.88B	-59%	+30%	11%	1.37×	14.9%	11.4%
HBIS 000709.SZ	China	$2.96B	-16%	-6%	2%	0.39×	3.0%	1.7%
Angang Steel 000898.SZ	China	$2.50B	-15%	-6%	-14%	0.46×	3.6%	-14.1%
Hainan Mining 601969.SS	China	$2.44B	-33%	+29%	11%	2.27×	20.6%	10.9%
Alleima ALLEI.ST	Sweden	$2.32B	+9%	-5%	6%	1.31×	13.1%	6.1%
Maanshan Iron & Steel 600808.SS	China	$2.32B	-41%	-4%	-2%	0.73×	5.4%	-2.0%
Daido Steel 5471.T	Japan	$2.29B	-4%	+8%	8%	0.71×	8.8%	8.1%
Advanced Technology & Materials 000969.SZ	China	$2.28B	-32%	+37%	8%	2.53×	25.5%	7.8%
Salzgitter SZG.DE	Germany	$3.29B	-14%	-6%	1%	0.59×	9.1%	1.3%
TA Chen Stainless Pipe 2027.TW	Taiwan	$3.46B	+21%	+24%	17%	1.34×	4.4%	17.0%
KIOCL KIOCL.NS	India	$2.15B	-18%	+27%	1%	11.72×	157.0%	n/a
Hunan Valin Steel 000932.SZ	China	$3.49B	-27%	-7%	1%	0.43×	3.1%	0.6%
Beijing Shougang 000959.SZ	China	$3.50B	-34%	-2%	1%	0.46×	4.5%	0.7%
Xinxing Ductile Iron Pipes 000778.SZ	China	$2.05B	-24%	+15%	3%	0.52×	3.7%	2.6%

Questions

Which companies are Hangzhou Iron & Steel's closest peers?: The cockpit's peer set: Hyundai Steel (004020.KS), Zhejiang Jiuli Hi-Tech Metals (002318.SZ), Fujian Makeng Mining (601123.SS), Shanxi Taigang Stainless Steel (000825.SZ), Aperam (APAM.AS), Sims (SGM.AX), Yongxing Special Materials Technology (002756.SZ), HBIS (000709.SZ).
Is Hangzhou Iron & Steel expensive compared with its peers?: On price / book it trades at 0.94× against a peer median of 0.73×, 10th most expensive of 21 in its peer set. The share price implies a return on equity of about 9.7%; Hangzhou Iron & Steel delivers -0.9%, so the price asks more than the business earns today.
How has Hangzhou Iron & Steel stock performed?: Over six months to 6 Nov 2026 the shares returned -38.3% against -24.4% for the median peer; over one year -39.0%.