Through combing the metal balance logistics in steelmaking area of Baosteel Zhanjiang Iron and Steel Co., Ltd., the relationship of metal logistics was rationalized. According to the principle of mass conservation, the metal balance profit and loss statement of the steelmaking area is established to achieve the metal balance management in the steelmaking area and analyze the metal profit and loss. The metal balance profit and loss statement reflects the utilization degree of metal resources, metal flow direction and metal loss in the production process. It plays a guiding role in drawing up production plan, improving process technology and operation, and estimating production cost. Through the metal balance report forms, the weakness in production management can be discovered in time, thereby further optimizing the process, clarifying the direction and extent of improvement, effectively improving the recovery and utilization of metal resources in the factory, and maximizing the benefits of the company.