MCC’s Q1 2026 New Contracts Fall Overall but Core and Overseas Business Grow
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Metallurgical Corporation of China Ltd. reported a 10.6% year-on-year decline in new contracts for Q1 2026, totaling RMB206.10 billion, due to softer demand in capital construction. However, core business contracts grew by 19.3%, driven by ferrous metallurgy projects, and overseas contracts increased by 9.6% to RMB13.19 billion, indicating resilience in international markets. The company continues to expand into technology-driven and environmental sectors while maintaining a focus on metallurgy and mining-related construction.
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