Hangzhou Steel see 35.01 percent rise in net profit in Jan-Sept

Zhejiang Province-based Chinese steelmaker Hangzhou Iron and Steel Co. (Hangzhou Steel) has stated that it registered an operating revenue of RMB 19.746 billion ($2.84 billion) in the January-September period of the current year, down 3.46 percent year on year, while posting a net profit of RMB 1.605 billion (0.23 billion) for the given period, up 35.01 percent year on year.