Jinxi Iron and Steel Group posts January pre-tax profit of RMB 174 million

Hebei Province-based Chinese steel producer Jinxi Iron and Steel Group has stated that it managed to lower its production costs and increase its revenues in January this year. During the month, the company achieved a total output of 508,000 mt of semis, strips and sections, and posted an overall pre-tax profit of RMB 174 million ($25.46 million).