Nanjing Steel sees return to profit in H1

Jiangsu Province-based Chinese steel producer Nanjing Iron and Steel (Nanjing Steel) has announced in its preliminary financial report for the first half of the current year that it expects to record a net profit of RMB 120 million ($19.6 million) for the given period. The company had posted a net loss of RMB 64.4554 million for the same period of last year.