Jiangsu Province-based Chinese steelmaker Nanjing Iron and Steel Co., Ltd (Nanjing Steel) issued its financial report for the first half this year, announcing an operating revenue of RMB 38.588 billion ($5.95 billion), up 58.42 percent, and a net profit of RMB 2.261 billion ($0.35 billion), rising by 102.65 percent, year on year, respectively.
Nanjing Steel Group has an overall annual capacity of 10 million mt.
$1 = RMB 6.4853