Chinese steel giant Baosteel earned less money despite selling more. Revenue for January to September 2026 rose 5.68% to about $36.6 billion. Net profit fell 15.33% to about $1 billion. The third quarter was worse, with profit down nearly 30%. The company produced 38.63 million metric tons of crude steel, almost the same as last year. Rising costs & weak steel prices in China squeezed margins. Baosteel still outperformed rivals, some of which reported losses