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Nanjing-based steel producer making plate and shipbuilding-grade steel, controlled by the private Shagang steel group.
Nanjing-based steel producer making plate and shipbuilding-grade steel, controlled by the private Shagang steel group.
Sells steel plate to shipyards, construction firms and machinery makers at prices that move with Chinese construction and ship orders, so margin is mostly the gap between plate prices and the iron ore and coking coal it buys. Plate for shipbuilding is a firmer niche than general steel.
In one line: A mid-sized Chinese integrated steel mill.
Moat: none (scale). Commodity steel production in a chronically oversupplied Chinese industry with thin, cyclical margins.
Headquarters: Nanjing, China · Founded: 1958 · Employees: 13,917
Size Nanjing Iron & Steel (600282.SS) is a China Materials company (Steel) with a market value of $3.99B, the 641st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥4.32 on 6 Nov 2026.
Performance Over six months the shares fell 19.9%, against -23.5% for the median peer and -16.4% for the China market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 12.5% over the last twelve months (peer median -1.0%); the operating margin is 4.5% (peer median 3.7%).
Valuation It trades at 9.5× forward earnings against a peer median of 14.8× (3rd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 25 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥62.6B | CN¥57.9B | CN¥61.5B | CN¥72.5B | CN¥70.5B |
| Revenue growth | — | -6% | -15% | +3% | — |
| Gross profit | CN¥9.28B | CN¥7.76B | CN¥6.77B | CN¥7.24B | CN¥7.18B |
| EBITDA | n/a | CN¥5.83B | CN¥5.71B | CN¥5.38B | CN¥5.27B |
| Net income | CN¥2.49B | CN¥2.87B | CN¥2.26B | CN¥2.13B | CN¥2.16B |
| Free cash flow | CN¥1.64B | CN¥1.08B | CN¥1.27B | -CN¥1.07B | -CN¥541M |
| Capital expenditure | CN¥1.27B | CN¥2.68B | CN¥2.04B | CN¥3.95B | CN¥4.45B |
| Total debt | CN¥25.4B | CN¥26.3B | CN¥27.0B | CN¥29.5B | CN¥28.7B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nanjing Iron & Steel 600282.SS | $3.99B | -20% | +12% | 5% | 9.5× | -4.2% |
| Baoshan Iron & Steel 600019.SS | $19.9B | -3% | +6% | 3% | 14.4× | -9.6% |
| Jiangsu Shagang 002075.SZ | $1.09B | -25% | -4% | 1% | n/a | n/a |
| Maanshan Iron & Steel 600808.SS | $2.32B | -41% | -4% | 0% | 38.0× | 0.3% |
| Angang Steel 000898.SZ | $2.50B | -15% | -6% | -7% | n/a | n/a |
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.
| Measure | 600282.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.3% | -6.5% | 11th highest of 21 |
| 6-month return | -19.9% | -23.5% | 9th highest of 20 |
| Distance from 52-week high | -28.6% | -38.5% | 8th highest of 21 |
| Revenue growth (TTM) | +12.5% | -1.0% | 5th highest of 21 |
| Operating margin | 4.5% | 3.7% | 9th highest of 21 |
| Forward P/E | 9.5× | 14.8× | 3rd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -4.2% | 6.9% | 5th least demanding of 17 |
| Growth delivered (Del g) | +1.8% | +5.7% | 4th lowest of 17 |
| Hurdle (Req g minus delivered) | -5.9 pp | -1.5 pp | 7th least demanding of 17 |
| ROIC minus cost of capital | +1.4 pp | -2.0 pp | 6th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nanjing Iron & Steel 600282.SS | China | $3.99B | -20% | +12% | 5% | 9.5× | -4.2% | +1.8% |
| Acerinox ACX.MC | Spain | $4.00B | +2% | 0% | 4% | 15.8× | 18.6% | +4.4% |
| Yamato Kogyo 5444.T | Japan | $3.88B | -13% | +1% | 2% | 10.3× | 24.2% | +3.4% |
| Grupo Simec SAB de CV Sponsored ADR SIM | United States | $4.22B | +4% | +17% | 16% | 14.1× | -9.2% | -1.1% |
| Tube Investments of India TIINDIA.NS | India | $4.47B | -28% | +18% | 7% | 42.7× | n/a | n/a |
| Zhejiang Hailiang 002203.SZ | China | $4.53B | -23% | +10% | 2% | 17.6× | n/a | n/a |
| Beijing Shougang 000959.SZ | China | $3.50B | -34% | -2% | 1% | 27.4× | -9.7% | +5.2% |
| Hunan Valin Steel 000932.SZ | China | $3.49B | -27% | -7% | 1% | 20.0× | 6.4% | +0.9% |
| TA Chen Stainless Pipe 2027.TW | Taiwan | $3.46B | +21% | +24% | 18% | 8.0× | -10.1% | +11.4% |
| Salzgitter SZG.DE | Germany | $3.29B | -14% | -6% | -1% | 10.5× | n/a | n/a |
| Kobe Steel 5406.T | Japan | $4.83B | 0% | -3% | 5% | 7.7× | -1.1% | +7.4% |
| HBIS 000709.SZ | China | $2.96B | -16% | -6% | 5% | 12.2× | n/a | n/a |
| Vallourec VK.PA | France | $5.51B | -31% | -7% | 14% | 15.5× | -7.6% | +3.3% |
| Yongxing Special Materials Technology 002756.SZ | China | $2.88B | -59% | +30% | 16% | 11.2× | -2.3% | +8.4% |
| Shanxi Taigang Stainless Steel 000825.SZ | China | $2.78B | -24% | +1% | -1% | 65.0× | 7.4% | +6.1% |
| Fujian Makeng Mining 601123.SS | China | $2.76B | n/a | -3% | 41% | n/a | 29.1% | -1.0% |
| Zhejiang Jiuli Hi-Tech Metals 002318.SZ | China | $2.75B | -37% | -38% | 4% | 25.9× | 15.4% | +19.5% |
| Hangzhou Iron & Steel 600126.SS | China | $2.73B | -38% | -58% | -1% | n/a | 19.3% | +9.8% |
| Hyundai Steel 004020.KS | South Korea | $2.73B | -34% | +2% | 1% | 74.3× | -1.2% | +4.8% |
| Aperam APAM.AS | Netherlands | $2.63B | -32% | -4% | 2% | 13.6× | 12.9% | +10.9% |
| Sims SGM.AX | Australia | $2.62B | -11% | +7% | 4% | 10.5× | 14.6% | +6.2% |