Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co., a subsidiary of Wuhan Iron and Steel (Group) Corp. (
WISCO) has issued its financial report for the first three months of the current year, announcing an operating revenue of RMB 17.555 billion ($2.83 billion), down 30.71 percent year on year, and a net profit of RMB 459 million ($74.03 million), up 75.4 percent year on year.