Jiangsu province-based Chinese stainless steel producer Wujin Stainless Steel Pipe Group Co.,Ltd. announced on July 11 that its net profit in the first six months this year is estimated to reach RMB 185 million ($25.7 million), increasing by RMB 102 million ($14.2 million) or 123.94 percent year on year.
The company mainly produces various stainless steel and nickel alloy pipes and fittings for industrial use, playing a leading role in the industry. Wujin Stainless Steel has an annual production capacity of 60,000 mt, including 40,000 mt of seamless stainless steel pipes and 20,000 mt of welded stainless steel pipes.
