Nanjing Iron and Steel Company
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| public | |
| Traded as | : |
| Industry | Steel manufacturing |
| Founded |
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| Founder | Nanjing Iron and Steel Group |
| Headquarters | Nanjing, China |
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Area served
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China |
| Revenue |
 CN¥22.252 billion (2015) |
 (CN¥2.263 billion) (2015) |
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| Profit |
(CN¥2.432 billion) (2015) |
| Total assets |
CN¥36.343 billion (2015) |
| Total equity |
CN¥6.306 billion (2015) |
| Owner |
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| Parent | Nanjing Nangang Iron & Steel United |
| Website | www |
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Footnotes / references in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards |
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| Nanjing Iron and Steel Co., Ltd. | |||
| Simplified Chinese | 南京钢铁股份有限公司 | ||
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| Traditional Chinese | 南京鋼鐵股份有限公司 | ||
| Literal meaning | Nanjing Steel and Iron Joint-Stock Limited Company | ||
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| Alternative Chinese name | |||
| Simplified Chinese | 南钢股份 | ||
| Traditional Chinese | 南鋼股份 | ||
| Literal meaning | Nansteel Joint-Stock | ||
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| Transcriptions |
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| Transcriptions |
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Nanjing Iron and Steel Co., Ltd. (NISCO) is a publicly traded steel maker based in Nanjing, Jiangsu Province, China. The parent company of NISCO is Nanjing Nangang Iron and Steel United Co., Ltd. (Chinese: 南京南钢钢铁联合有限公司), a joint venture of Hong Kong listed company Fosun International (the stake was jointly held by Fosun International and its subsidiaries) and Chinese state-owned enterprise Nanjing Iron and Steel Group in a 60–40 ratio.
NISCO involves the pressing and smelting of ferrous metals and sales of steel materials. It operated the widest slab caster in the world, 3250mm wide x 150mm thick, as well as a more conventional caster at 2,300mm wide x up to 260mm thick and a multi strand bloom caster.
NISCO is a constituent of SSE 380 Index.
According to World Steel Association (Chinese companies data was provided by China Iron and Steel Association), the corporation was ranked the 45th in 2015 the world ranking by production volume (8.590 million metric tons).
The steel plant in Nanjing was founded in 1958. In 1999 Nanjing Iron and Steel Group spin-off the steel plant and incorporated Nanjing Iron and Steel Co., Ltd. (NISCO). The company became a publicly traded company in 2000 on the , despite the parent company still owned 70.95% stake. In 2003 the parent company formed a joint venture Nanjing Iron and Steel United (Chinese: 南京钢铁联合有限公司) with a consortium of civilian-run enterprises: Fosun High Technology and its parent company Guangxin Technology (Chinese: 广信科技). The stake of NISCO that held by Nanjing Iron and Steel Group was injected to Nanjing Iron and Steel United as capital. After the deal, Nanjing Iron and Steel Group owned 40% stake of Nanjing Iron and Steel United, Fosun High Technology (and its subsidiary) owned 50% and Guangxin Technology owned 10%. The parent company of Fosun High Technology was later changed to Hong Kong listed company Fosun International, which also acquired the stake from Guangxin Technology. (However, it was still controlled by the shareholder of Guangxin Technology)
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