based Maanshan Iron & Steel Co announced that its net profit for the first nine months of
the year rose more than five times, propelled by the increase in steel prices this year.
Maanshan reported a net profit of RMB1.69 billion in the nine-month period. In the same
period last year it reported a net profit of RMB252.6 million.
said that in the nine-month period it produced 7.8 percent more iron, 12.2 percent more
steel and 6.2 percent more steel products.