Nanjing Iron & Steel expects to realize profit of RMB400-500 million in Q1

Nanjing Iron & Steel reported on 9th night that after an initial calculation by the financial department, it expects the net profit available to shareholders of the listing company will reach RMB400-500 million (USD57.Asian Metal Copyright92-72.Asian Metal Copyright92-72.Asian Metal CopyrightNanjing Iron Steel reported on 9th night that after an initial calculation by the financial department, it expects the net profit available to shareholders of the listing company will reach RMB400-500 million USD57.Asian Metal Copyright41 million) in Q1 2017, increasing sharply YOY.

The company explained steel prices have been at high levels since the beginning of 2017 and it continues to optimize the special steel system of “producing with high-efficiency and low cost”, so the profit increases significantly YOY.

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