Gansu Province-based Chinese steel producer Jiuquan Iron and Steel Group (JISCO) has announced that it achieved a gross profit of RMB 660 million ($102.5 million) in 2017.
Chen Chunming, president of JISCO, stated that in 2018 the company plans to achieve an operating revenue of RMB 93.0 billion ($14.5 billion), as well as a similar gross profit compared to 2017, while it aims to produce 6.33 million mt of finished steel.