Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corporation (
WISCO) has announced that in the first 11 months of the current year its net profit reached RMB 537 million ($84.57 million), exceeding the steel producer's net profit target for the whole year by RMB 7 million ($1.10 million).
In addition, in the given period
WISCO's revenues totaled RMB 980 million ($154.33 million).