China Industrial Steel Inc. (CIS) is a holding company. The Company, through its wholly owned subsidiary, Nuosen (Handan) Trading Co. Ltd (Nuosen), and its variable interest entity (VIE) Handan Hongri Metallurgy Co., Ltd. (Hongri Metallurgy), produces and sells steel plate, steel bar, steel wire and steel billet. Steel plate, steel wire and steel bar are primarily used in the construction of buildings and in infrastructure projects, including roads and bridges. The Company also manufactures and sells steel billet, a semi-finished product, which is utilized as a raw material by other manufacturers. CIS also sells some of the byproducts of its production process, including offcuts of steel plate and steel drop. In total, the Company has an aggregate capacity of 2.3 million metric tons of steel and 2.6 million metric tons of steel rolling production capacity, including steel plate and steel wire/bar.
No insider trading activity.
Information provided by , Copyright © 2019. All rights reserved.
Reuters content is the intellectual property of Reuters. Any copying, republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Reuters, Reuters Logo and the Sphere Logo are trademarks and registered trademarks of the Reuters Group of companies around the world.
Data is provided for information purposes only and is not intended for trading purposes. Reuters shall not be liable for any errors or delay in the content, or for any action taken in reliance on any content. The RIC or Reuters Instrument Code set has been developed and maintained by Reuters and is the intellectual property of Reuters.