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Nanjing Steel's net earnings down 43.02 percent in Jan-Sept

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Jiangsu province-based Chinese steelmaker Nanjing Iron and Steel Co., Ltd (Nanjing Steel) has actually introduced that it signed up an operating income of RMB 52.645 billion ($7.31 billion) in the initial 9 months this year, down 11.99 percent year on year, while its published an internet profit of RMB 2.077 billion ($0.3 billion), down 43.02 percent year on year.In certain, Nanjing Steel registered an operating profits of RMB 17.05 billion ($2.4 billion) in the July-September period of the existing year, decreasing by 17.97 percent year on year, while videotaping a net earnings of RMB 512 million ($71.1 million) in the provided period, down 58.33 percent year on year.In the very first nine months this year, the China Steel Rates index (CSPI) declined by 11.42 percent year on year, while the average sales rates of Nanjing Steel's completed steel increased by 2.38 percent year on year, indicating its competitiveness in the steel market.

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