Nanjing Iron & Steel's Special Steel Product Output, Sales Grow in Q2

MT Newswires Live08-21

Nanjing Iron & Steel's (SHA:600282) production of special steel products rose in the second quarter, according to a Wednesday filing with the Shanghai bourse.

Shares rose 2% during late morning trading on Thursday.

Its alloy steel bar production grew 7.4% to 435,800 tons in the second quarter from 405,800 tons in the year-ago period, while sales volume jumped 13% to 448,500 tons from 398,300 tons in the prior-year period.

Alloy steel wire production increased 6.2% to 126,400 tons from 119,000 tons a year earlier, while sales widened 15% to 128,600 tons from 111,900 tons in the prior-year period.

Alloy steel strip production jumped 14% to 243,300 tons from 213,000 tons in the prior-year period, while sales grew 18% to 249,400 tons from 211,000 tons in the year-ago period.

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