On July 25, Gansu Province-based Chinese steelmaker Jiuquan Iron and Steel Co. (JISCO) announced that in the first half this year its sales of hot rolled carbon steel products totaled 3.2624 million mt, up 9.87 percent or 293,200 mt year on year, equivalent to 44.09 percent of the company's annual sales target for these products. JISCO's net profit in 2012 amounted to RMB 810 million ($130.6 million), whereas many Chinese steel enterprises reported losses for the year.