Rizhao Steel posts net profit of RMB 116 million for Jan-Oct

Shandong Province-based Chinese steelmaker Rizhao Steel Holding Group Co. (Rizhao Steel) has announced that in the January-October period of the current year it registered an operating revenue of RMB 25.0 billion ($3.91 billion), with a net profit of RMB 116 million ($18.13 million). Rizhao Steel has consistently achieved a net profit over the past 10 years.