Jiangsu Province-based Chinese steel producer Nanjing Iron and Steel Co. Ltd (Nanjing Steel) has announced that it has registered an operating revenue of RMB 10.875 billion ($1.64 billion) for the first half of the current year, declining by 8.36 percent year on year, with a net profit of RMB 146 million ($22.02 million) compared to the net profit of RMB 34.8374 million recorded in the same period last year.
In the first half of the current year, Nanjing Steel produced 4.3199 million mt of pig iron, 4.4217 million mt of crude steel and 4.0482 million mt of finished steel, indicating respective year-on-year increases of 2.15 percent, 3.34 percent and 3.16 percent.