December 02, 2008

Ningbo Steel H1 2008 reach CNY 348 million

It is reported that Zhejiang based Ningbo Iron & Steel Co yielded 271,500 tonnes of coke, 1.18 million tonnes of iron, 1.21 million tonnes of billet steel and 66,500 tonnes of finished products during January to June.

Ningbo Iron & Steel Co also sold 1.13 million tonnes of billet steel, 43,700 tonnes of finished products and 378,500 tonnes of tar and granulating slag etc in the same period with total sales revenue of CNY 5.39 billion and profit of CNY 348 million.

Ningbo Steel grows from the former Jianlong Steel, a private mill controlled by Tangshan Steel that started building from June 2003. It's also the first complex steel company in Ningbo, with construction items including steel rolling, raw material, blast furnace, coking, sintering etc. The company is expected to form 6 million tonnes per year hot rolled sheet/plate capacity.